Task Force for Pre-Market and After-Market System Development
Reviewing Expansion of Stock Trading Hours
Decision Expected in the First Quarter of Next Year
The Korea Exchange is moving forward with the full-scale development of a system to extend stock trading hours to 12 hours.
According to the financial investment industry on December 25, the exchange plans to hold a board meeting on December 29 to approve an organizational restructuring plan, which includes the establishment of a task force for building pre-market and after-market systems.
The exchange is reportedly considering measures to introduce pre-market and after-market trading, thereby extending stock trading hours to either 7 a.m. to 7 p.m. or 8 a.m. to 8 p.m.
The KOSPI index along with Samsung Electronics and SK Hynix indices are displayed at the Korea Exchange PR Center in Yeouido, Yeongdeungpo-gu, Seoul. Photo by Yonhap News.
The specific format for extending trading hours is expected to be decided within the first quarter of next year.
Previously, the exchange collected official opinions from all member firms regarding the extension of trading hours, and has since been conducting individual consultations with major securities companies as part of the process.
Meanwhile, starting next year, the exchange plans to add one more dedicated team for handling KOSDAQ market delisting operations, while disbanding the task force responsible for operating the night-time derivatives market, such as the night market task force.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
