Search results for NextTrade
Finance
Financial investment industry joins energy-saving push with car use rotation and more remote work
South Korea\'s financial investment industry is stepping up energy-saving efforts in response to global energy supply-demand imbalances and rising prices. The Korea Financial Investment Association said securities firms, asset managers and other financial investment companies are participating. Measures include rotating car use, encouraging public transport, expanding remote work and flexible commuting systems. Companies are also cutting building power use by adjusting elevator and HVAC hours and switching off lights outside working hours.
Finance
KDX, NXT chosen for STO over-the-counter exchange pilot; Lucentblock left out
South Korea\'s Financial Services Commission selected the Korea Exchange-Koscom KDX consortium and the NextTrade-Musicow NXT consortium as preliminary license candidates to open a pilot over-the-counter exchange for tokenised securities. The FSC granted NXT conditional approval, saying it would halt the full licensing review if the Fair Trade Commission opens an administrative probe into technology theft allegations raised by Lucentblock. Lucentblock was dropped after receiving a lower evaluation score.
Finance
STO over-the-counter exchange stalls as Financial Services Commission delays review amid fairness row
A decision on preliminary licences for an over-the-counter exchange dedicated to fractional investment and tokenised securities has been delayed after Lucentblock raised fairness concerns and filed a complaint with the Fair Trade Commission. The Financial Services Commission did not table the agenda at its regular meeting. Reportedly, two consortia had been picked as preliminary licence candidates. Lawmakers and startup groups criticised the process, while regulators and the consortia denied wrongdoing.
