Korea Exchange will begin after-hours trading for exchange-traded funds on Sept. 14, with the session set to run from 4:00 p.m. to 8:00 p.m. The rollout will go ahead even as parts of the industry remain concerned about recent volatility in leveraged products. The exchange said single-stock leveraged ETFs will be excluded from the eligible instruments during the after-hours session. The move is aimed at competing with alternative trading system Nextrade and round-the-clock crypto exchanges. Before the launch decision, industry participants had called on Korea Exchange to delay the service.
Korea Exchange is set to open after-hours trading for exchange-traded funds on Sept. 14, with trading scheduled from 4:00 p.m. to 8:00 p.m.
The plan will move forward despite industry concerns about recent volatility in leveraged products. Korea Exchange said single-stock leveraged ETFs will not be included among the instruments available in the after-hours session.
The exchange is introducing the service to compete with alternative trading system Nextrade and 24-hour crypto exchanges. Earlier, the industry had urged Korea Exchange to delay the launch.
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