Regulatory Alerts2025-02-05 | 83967FSC Grants Final Approval to Nextrade for Operation of ATS Scheduled to be Launched on March 4
The Financial Services Commission granted final approval to Nextrade to operate an alternative trading system (ATS) launching on March 4, 2025, marking the introduction of a multiple-exchange competition-based stock trading system in Korea. The new platform will extend daily trading hours to twelve by adding pre-market and after-market sessions, introduce mid-point and stop-limit order types, and offer transaction fees 20 to 40 percent lower than the Korea Exchange. To ensure market integrity, the FSC mandated an integrated oversight framework requiring securities firms to implement best execution rules and smart order routing systems while maintaining consistent short-selling restrictions and price limits across both exchanges.
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