The Korean Exchange has activated the SIDECAR mechanism and suspended programmatic buying for the KOSDAQ, described in the source as South Korea’s startup board index. The action applies to automated buy-side program trading after the mechanism was triggered.
In exchange usage, SIDECAR refers to a temporary control mechanism involving program trading restrictions under market rules. The TechFlowPost item did not provide the duration of the suspension, detailed trigger conditions, or additional trading arrangements.
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