FX thrives in South Korea
Regulatory body the Financial Supervisory Service (FSS) said total gains from derivatives jumped 129.5% to KRW478.1 billion ($503.5 million) in Q3 2007 from a year ago.
Notional value of derivatives trading by domestic institutions reached KRW18,626 trillion, up from KRW8,257 trillion in Q3, 2006. The FSS said the surge was mainly the result of a rise in trading of stock index options and over-the-counter derivatives such as currency forwards. During the same period, the outstanding balance of
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