The dealing room at Hana Financial institution’s important workplace in Seoul shows inventory markets and foreign money, Jan. 17. Yonhap
Korea’s monetary regulator stated Wednesday that an alternate buying and selling system will set sail in March for higher effectivity and comfort within the buying and selling of securities, heralding an overhaul within the nation’s inventory market.
At present, the Korea Change (KRX), launched in 1956, is the nation’s solely nationwide operator of the inventory market.
The Monetary Providers Fee (FSC) stated the nation’s secondary inventory buying and selling platform, dubbed Nextrade (NXT), will run for 12 hours from 8:00 a.m. to eight:00 p.m., longer than the buying and selling hours from 9:00 a.m. to three:30 p.m. on the principle bourse operated by the KRX.
The NXT can even provide decrease charges in contrast with the principle bourse, and introduce totally different inventory bid and ask costs.
Brief-selling might be allowed, however banned throughout pre-market and after-market buying and selling hours, in accordance with the FSC.
The KRX’s day by day inventory worth limits and market stabilization measures, resembling a circuit breaker, might be additionally launched on the NXT.
A complete of 32 brokerage homes will be part of the NXT, and a few 800 corporations might be listed on the secondary inventory change. (Yonhap)
