Hwaesang Finance reports that on August 7, the Korea Exchange will officially launch after-hours trading for exchange-traded funds on September 14. The Korea Exchange aims to compete with alternative trading systems such as Nextrade and round-the-clock cryptocurrency exchanges. In response, asset management firms have warned that the absence of real-time net asset value estimates may widen price deviations for ETFs; the industry has previously called on the Korean Exchange to delay the launch of this service. Leveraged ETFs on individual stocks will not be included in the scope of after-hours trading. (Jinshi)
Korea Exchange to Launch ETF After-Hours Trading on September 14
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Summary
The Korea Exchange will begin after-hours ETF trading on September 14 to increase exchange flows and trading volume. The initiative aims to compete with Nextrade and 24/7 crypto platforms. Asset managers caution that the absence of real-time NAV estimates may lead to greater price deviations. Some industry participants had requested a delay in the launch. Leveraged stock ETFs will not be included in the after-hours session.
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