Korbit said on March 26 it has upgraded the time-weighted average price (TWAP) trading function of Korbit Biz. Korbit Biz is a corporate-only service designed to improve trading convenience for corporate members and protect customers.

Korbit first added an IOC (Immediate Or Cancel) limit TWAP trading function. It also improved settings so clients can more finely adjust trading cycles and durations depending on their strategies.

The changes allow corporate clients to carry out more precise split trades within their desired price ranges while minimising market impact that can occur with large orders.

It also strengthened safeguards to prevent unexpected losses. Korbit improved the function by placing real-time charts on the TWAP settings screen so users can immediately check price trends and establish trading strategies.

In particular, it introduced a feature that prevents orders from being executed beyond a range exceeding 5 percent from the average of the best bid and ask prices, or mid-price. The move prevents executions at unintended, unfavourable prices during sharp market swings and further enhanced risk management capabilities for large-scale trades.

Korbit's chief technology officer and chief product officer, Lee Jung-woo (이정우), said it focused on meeting trading stability and customer protection functions by analysing actual trading patterns of corporate clients. He said the company would continue to upgrade services that corporate members can trust.