Korea Exchange will launch after-hours trading service for ETFs.
1 hours ago
Korea Exchange will officially launch after-hours trading for Exchange-Traded Funds (ETFs) on September 14. The exchange aims to compete with alternative trading system Nextrade and all-day cryptocurrency exchanges. Asset management firms have warned that the lack of real-time net asset value (NAV) estimates could widen ETF price deviations; the industry had previously called on Korea Exchange to delay the service’s launch. Single-stock leveraged ETFs will not be included in the eligible securities for after-hours trading. (Jin10)
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