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S.Korea to raise barrier to retail investors' trading of derivatives
Last Updated: 2014-06-18 10:03 | Xinhua
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South Korea's financial regulator said Tuesday that it will raise barriers to the trading of financial derivatives by retail investors while making efforts to activate those for professional traders.

Individual investors will be allowed to trade financial derivatives at a gradual manner when meeting requirements such as finance education and higher level of deposits, according to the Financial Services Commission (FSC).

Retail traders, who complete 30 hours of online education and 50 hours of mock trading, will be allowed to trade the KOSPI200 index futures and stock futures, with at least 30 million won (29, 400 US dollars) deposited.

Only those who have experienced the futures trading will be allowed to trade more complicated derivatives such as the V- KOSPI200 index futures and options, with at least 50 million won deposited.

The regulator planned to launch new financial products to activate derivatives market for professional traders. The V- KOSPI200 index futures, industrial sector index futures and nighttime US dollar futures will be introduced this year, and the 20-year government bond futures will be launched in 1-2 years.

The V-KOSPI200 index is a volatility of the KOSPI200 index options, gauging fears among investors.

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