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Finance

Nextrade STO consortium cleared by FTC, steps up push for final licence

An NXT fractional investment consortium involving Nextrade will accelerate its push for a final licence for an over-the-counter trading venue after South Korea\'s Fair Trade Commission found no wrongdoing in claims of unfair technology use and business interference. Nextrade said the watchdog concluded it was hard to see that it used Lucentblock\'s technology or obstructed its business. The consortium plans to apply for final approval and prepare for a market launch in the fourth quarter of 2026.

Finance

Macquarie Securities becomes first foreign broker to join NEXTRADE

Macquarie Securities will join NEXTRADE as its first foreign securities firm member. NEXTRADE said on Tuesday it approved Macquarie Securities\' membership, bringing the total number of member brokers to 34. Macquarie Securities plans to participate first in NEXTRADE\'s pre-market and after-market in the third quarter, then complete preparations for smart order routing by the fourth quarter to join the main market.

Finance

Korea Exchange delays launch of pre- and after-market to Sept 14

Korea Exchange on Tuesday delayed the launch date for pre- and after-hours trading in the securities market to Sept. 14 from June 29, citing industry calls for more system development and testing. A planned mock market will run from April 6 to Sept. 13 for 23 weeks. The premarket closing time will move 10 minutes earlier to 7:50 a.m., while the 7 a.m. start remains unchanged.