The Korea Exchange has opened an after-market for the KOSPI and Kosdaq from 4 p.m. to 8 p.m., replacing the previous after-hours single-price session with continuous trading. A total of 38 brokerages plan to participate. The move brings the exchange into direct competition with Nextrade, which already runs an after-market until 8 p.m. Some stocks and products, including ETFs and ETNs, are excluded.

The Korea Exchange (KRX) will operate an after-hours market from Sept. 14, allowing real-time stock trading until 8 p.m. after the regular session ends. The exchange said it revised rules for its KOSPI and KOSDAQ markets and that 38 brokerages, representing 95.2 percent market share, plan to participate. Existing after-hours single-price trading will be abolished and replaced by continuous matching from 4 p.m. to 8 p.m.