Volumes for the new derivative warrant market in Korea have surged ahead faster than expected, according to market participants. Equity officials said since the go-ahead last month (DW, 12/9), there has been a flurry of issuance by local houses exceeding over 70 warrants and KRW30 billion (USD30 million) in daily turnover. "This market will continue to grow--I expect volumes to more than double this year," said Seagan Oh, equity derivatives trader at LG Securities in Seoul. Oh noted warrant positions on the firm's books are being offset by continued issuance of structured derivatives, such as equity knockout options wrapped in note form.
Korean Warrants Mart Off To Strong Start
