FTSE South Korea RIC Capped Index futures

ICE Futures U.S. has worked closely with FTSE Russell and the Korea Exchange Inc. (KRX) to introduce a new U.S.-regulated way to access the Korean equity market.

The FTSE South Korea RIC Capped Index Futures combine FTSE Russell’s RIC Capped methodology, which is designed to support regulatory alignment and limit single‑name concentration, with KRX’s equity market expertise and ICE’s globally traded, USD‑denominated futures platform.

This collaboration enables investors to access Korea’s equity market in a compliant and diversified manner during European and U.S. hours, opening Korean equity exposure to a broader global audience.

Key features

Regulatory certainty

Underlying index is designed to support ongoing broad‑based classification and RIC compliance. This helps reduce regulatory, operational, and reclassification risk for U.S.‑domiciled funds and other investors who rely on stable benchmark treatment.

Portfolio continuity

With historically high correlation and low tracking error versus standard Korea equity indices, the contract functions as an effective portfolio substitute for beta exposure, hedging activity, and tactical asset allocation.

Diversified Korea exposure

20/4.5/48 FTSE capping framework helps reduce single‑name concentration while maintaining representative market coverage.

Global accessibility

Trade Korea exposure during European and U.S. hours, without local market access requirements.

Capital efficiency

Contracts offer the benefits of margin offsets across the ICE Equity Index Futures complex.

Summary contract specifications

Contract specifications	FTSE South Korea RIC Capped Net Tax Index Futures (USD)
Underlying Index	FTSE South Korea RIC Capped Net Tax Index (USD)
Exchange Contract Code	SKO
Contract Size	US$10 x Index Value
Delivery Months	Five (5) months in the March, June, September and December quarterly cycle.
Trading Tick Size	0.10 Index points, equal to $1.00 per contract; (Block Trades can be done at 0.001 Index points)
Final Settlement Tick Size	0.001
Last Trading Day	3rd Friday of the delivery month
Contract Standard	Cash settlement based on the EDSP
Final Settlement	Cash settlement to the Official Closing Index value on the Last Trading Day
Delivery Date	Second business day after the LTD
Trading Hours	3:00 AM – 6:00 PM (ET)
Time Trading Ceases on LTD	4:15 PM (ET)
Exchange / Clearing	ICE Futures U.S./ ICE Clear U.S.
Real Time Index RIC / Ticker	<.TRIFTCRKORN> / FTKORN1 Index
Futures RIC / Ticker	0#FSKO: / KORA index