Trade Overseas Futures with Samsung Securities

Targeting 9 Types of Index Futures on the US CME Exchange

[Asia Economy Reporter Lee Seon-ae] Samsung Securities announced on the 6th that it has opened an overseas futures trading service for customers.

Overseas futures are transactions that promise to buy or deliver futures products such as indices, currencies, and energy listed on overseas exchanges at an agreed price at a specific future date (expiration date). In the case of Samsung Securities, only index futures can be traded.

The main feature of overseas futures is that trading can be done with only the product-specific margin without a basic deposit. Also, flexible market response is possible through two-way trading of buying and selling. The Chicago Mercantile Exchange (CME) market provided by Samsung Securities is open for 23 hours, allowing almost uninterrupted trading. A won substitution service is provided by default so that foreign currency orders can be placed even with only Korean won, enabling trading without currency exchange. However, since trading is possible with only a small margin, large profits and losses can occur compared to the investment amount, so only investors with an investment propensity of 'ultra-high risk' can trade.

The overseas futures products available for trading at Samsung Securities are U.S. CME exchange equity index futures, including four E-mini products (Nasdaq 100, S&P 500, Dow, Russell 2000), four Micro products (Nasdaq 100, S&P 500, Dow, Russell 2000), and the Standard Nikkei 225 (Dollar), totaling nine products.

E-mini futures trading reduces the contract size to one-fifth of the standard index, making it easier for small investors to access and reducing risk. It is mainly traded by customers who are new to overseas futures products. The Micro futures further reduce the size of E-mini futures to one-tenth, and this product is often used by beginner investors with no futures trading experience to practice, research, or study futures trading.

To trade futures through Samsung Securities, you must first open an account. Overseas futures accounts can be easily and quickly opened anytime and anywhere through Samsung Securities' mobile app mPOP via non-face-to-face methods. Also, to use overseas futures quotes, you must apply for real-time overseas futures quotes. The service is free, and before placing overseas futures orders, you must check and register the risk disclosure and complete electronic signature.

Afterward, trading is possible by depositing Korean won or foreign currency into your account. For foreign currency deposits, you need to register a virtual account and deposit into that account. Foreign currency deposits are accepted from 9 AM to 4 PM on business days, and deposits are not possible on holidays. Finally, overseas futures trading orders can be placed through the mobile app mPOP or HTS, or offline orders can be made through Samsung Securities' Global Derivatives Sales Team.

Samsung Securities is conducting various events to commemorate the opening of the overseas futures trading service for customers. Until the end of 2023, an 'Online Commission & Currency Exchange Discount Event' is being held. For all accounts, when trading E-mini futures online, the commission per contract is discounted from the standard $5 to $1.95, and for Micro futures trading, the commission per contract is discounted from the standard $1 to $0.49. In addition, the currency exchange spread through online transactions is discounted by 95%. The second event is the 'Overseas Futures Account Opening Event,' where the first 2,000 customers who apply for the event and open an overseas futures account with Samsung Securities by March 31 will receive a mobile coffee coupon.