The Korea Exchange (KRX) was established under Korea Stock & Futures Exchange Act for the purpose of cost reduction and improvement in investor efficiency. In order to effectively respond to the rapidly changing financial market, KRX was created through the integration of the three existing spot & futures exchanges and Kosdaq Committee, a sub-organization of Korea Stock Dealers Association. The merged exchange is transforming itself from a mere local exchange to an important part of the world's financial markets. KRX is attracting a special attention in the world financial market given that it is the merged exchange of spot and futures markets with significant amount of trading volume.
As of the end of 2003, 1,563 companies are listed in the spot market of KRX as KSE and Kosdaq markets have merged, and the total trading volume has reached 813 trillion won to become the tenth in the world. In the market of futures and options where a total of 19 items are traded, KRX ranks the ninth in the futures trading volume, and takes the lead in option transactions thanks to growing popularity of KOSPI 200 Option.
KRX is organized into five divisions:
- Administrative Service Division
- Stock Market Division
- Kosdaq Market Divisio
- Futures Market Division
- Market Surveillance Division
Financial Safeguard System
The Deposit which the Customer has made payment...