Search results for Volatility Interruption
Finance
Nextrade to temporarily ban limit-up and limit-down orders in pre-market from Aug. 12
Nextrade will temporarily ban limit-up and limit-down orders in its pre-market from Aug. 12 after repeated cases in which extreme prices were executed on small orders. It plans to add a static volatility interruption mechanism from Sept. 14 to reduce sharp price swings. Nextrade said some extreme-price executions are believed to have stemmed from errors in the order-processing process. It will also change how volatility interruptions are triggered and monitor for abnormal signs.
Finance
Leveraged ETF overheating and SpaceX row put investment industry on edge
South Korea\'s financial investment industry is on edge as regulators widen investor-protection checks amid rapid growth in exchange-traded funds. The Financial Supervisory Service is examining single-stock leveraged ETFs and SpaceX-related ETFs, including investor-protection procedures by asset managers and brokerages. Products marketed on promised inclusion of SpaceX IPO shares, index-calculation compliance and liquidity provider management are under review. Separate volatility and price-distortion episodes in ETFs have also raised concerns.
Finance
KRX rebuts five key issues in trading hours extension dispute
The Korea Exchange (KRX) has moved to counter controversy over extending trading hours, saying the claims differ from the facts. The exchange outlined its position on five issues tied to the planned launch of a pre- and after-market on June 29. It said member firms will apply internal monitoring systems as in regular trading, and the exchange will conduct market surveillance at the same level as alternative venue NXT. It also pledged guidance on system changes and said phone orders via call centres will be allowed to limit exclusion of older investors.