Eugene Investment & Futures "Industry First to Enable Trading of All US Stock Options"

by Cha Minyoung

Published 29 Apr.2024 10:06(KST)

Expansion from 200 Existing Items to Over 5,000 Items

Eugene Investment & Futures "Industry First to Enable Trading of All US Stock Options"

Eugene Investment & Securities' subsidiary, Eugene Investment Futures, announced on the 29th that it will be the first in the industry to launch a trading service for all US stock options.

With this service, domestic investors can now trade over 5,000 option contracts listed on the US stock options market. Previously, domestic financial companies provided services focused on around 200 major option contracts.

One of the features of this all-contract trading service is the inclusion of daily expiration options called '0DTE (Zero Day to Expiration) options.' The '0DTE SPY option,' a 0DTE option linked to the S&P 500 index, currently ranks first in trading volume in the US options market and is attracting significant interest among US retail investors.

Additionally, Eugene Investment Futures has introduced a real-time price quotation service to enhance convenience for domestic options traders in line with the all-contract trading service.

Kim Young-jae, Head of Retail Sales Team at Eugene Investment Futures, stated, “The US stock options market requires extensive data management due to the variety of strike prices and expiration months. Eugene Investment Futures has launched this all-contract trading service after in-depth research and development to provide a service comparable to that of US mainland securities firms.”

To commemorate the launch of this service, Eugene Investment Futures is running a discount event from today (29th) until January 3rd of next year for 300 major US stock option contracts. Individual customers can receive a discount of $0.99 per contract without any separate application process. Furthermore, the real-time price quotation service, which costs $1.25 per month, will be provided free of charge to all individual customers until the end of this year.

Lee Soo-gu, CEO of Eugene Investment Futures, said, “As domestic investors’ demand for US stocks continues to grow, interest in US stock options is steadily increasing. This trading service launch enables access to a wider range of contracts. Especially during earnings seasons, when stock option volatility increases, we expect to offer investors more trading opportunities.”