Korean FCM Woori Futures has launched an access hub in Chicago providing a pipeline for US firms to Korean Futures Exchange (Kofex). Kofex offers Kospi 200 options - the most highly traded contract in the world.
Woori, which changed its name from LG Futures in April, began offering order routing and clearing to US firms earlier this month. Woori's approach has been unique because exchanges rather than firms offer local access connectivity.
This arrangement could be very lucrative for Woori and US firms who see a strong appetite from...