Korea Futures Exchange (Kofex) is seeking no-action status from US regulatory authorities allowing it to offer its Kospi 200 product to US traders.
The Kospi 200 option recently traded more than 24m contracts in one day, and traded a total of 188m in February, making it by far the world's largest futures contract by volume.
Speaking at the FIA conference in Boca Raton last week, chairman and chief executive Jungho Kang said the exchange hopes to have received no-action approval from US regulators by the end of this year.
Kofex, which took over the Kospi contracts from Korea Stock Exchange in...