korea_exchange
Differences
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| korea_exchange [2018/02/21 09:54] – [Korea Exchange (KRX)] maya | korea_exchange [2020/02/13 14:00] (current) – [Financial News] maya | ||
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| ====== Korea Exchange (KRX) ====== | ====== Korea Exchange (KRX) ====== | ||
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| KRA is the primary equities exchange in Korea. | KRA is the primary equities exchange in Korea. | ||
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| Currency: South Korean Won (KRW) | Currency: South Korean Won (KRW) | ||
| - | [[http:// | + | * [[http:// |
| - | [[https:// | + | |
| ==== Lit Types ==== | ==== Lit Types ==== | ||
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| * Market Buy/ | * Market Buy/ | ||
| * Market-on-Close (MOC) & Market-on-Open (MOO) Buy/ | * Market-on-Close (MOC) & Market-on-Open (MOO) Buy/ | ||
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| ==== Basic Market Rules ==== | ==== Basic Market Rules ==== | ||
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| * Lot Size: 10 shares (1 share if base price of the issue on that day is above KRW 50,000). | * Lot Size: 10 shares (1 share if base price of the issue on that day is above KRW 50,000). | ||
| * Tick Size: up to KRW 1000 = 1 ; 1000 to 5000 = 5 ; 5000 to 9990 = 10; 10000 to 49950 = 50; 50000 to 99900 = 100; 100000 to 499500 = 500; greater or equal to 500000 = 1000. | * Tick Size: up to KRW 1000 = 1 ; 1000 to 5000 = 5 ; 5000 to 9990 = 10; 10000 to 49950 = 50; 50000 to 99900 = 100; 100000 to 499500 = 500; greater or equal to 500000 = 1000. | ||
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| * Circuit Breakers: all trading shall be suspended if KOSPI decreases continuously for 1 minute by more than 10% of the closing price of the previous day. Once circuit breakers is exercised, a suspension occurs for 20 minutes. The KRX resumes trading 20 minutes after the issue of circuit breakers. The first price shall be formed in single price for 10 minutes from resumption and then crowd trading shall be applied. | * Circuit Breakers: all trading shall be suspended if KOSPI decreases continuously for 1 minute by more than 10% of the closing price of the previous day. Once circuit breakers is exercised, a suspension occurs for 20 minutes. The KRX resumes trading 20 minutes after the issue of circuit breakers. The first price shall be formed in single price for 10 minutes from resumption and then crowd trading shall be applied. | ||
| ==== Auction Mechanisms ==== | ==== Auction Mechanisms ==== | ||
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| === Periodic Call Auction === | === Periodic Call Auction === | ||
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| The Periodic Call Auction is a method of trading to be used when it is necessary to form price balance through the concentration of demand and supply. It receives offers and bids for a certain time and then trading is concluded in a single price with priority among offer prices in accordance with price-time priority. | The Periodic Call Auction is a method of trading to be used when it is necessary to form price balance through the concentration of demand and supply. It receives offers and bids for a certain time and then trading is concluded in a single price with priority among offer prices in accordance with price-time priority. | ||
| === Quantity Allocation in Periodic Call Auction when opening price is formed in the upper or lower limit price === | === Quantity Allocation in Periodic Call Auction when opening price is formed in the upper or lower limit price === | ||
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| In case of Periodic Call Auction, trading is concluded according to price-time priority, but as far as opening price formation in the upper or lower limit price, the allocation of concluded quantities shall be made in sequence from the largest quantities of an offer price to the smallest ones on the basis of quantity priority (see the following list), while allocation in other cases shall be made in time priority. | In case of Periodic Call Auction, trading is concluded according to price-time priority, but as far as opening price formation in the upper or lower limit price, the allocation of concluded quantities shall be made in sequence from the largest quantities of an offer price to the smallest ones on the basis of quantity priority (see the following list), while allocation in other cases shall be made in time priority. | ||
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| If the opening price is determined as KRW20,150 (the upper price limit), for instance, quantities at the selling offer price shall be allocated according to quantity priority between buying offers at the upper price limit. | If the opening price is determined as KRW20,150 (the upper price limit), for instance, quantities at the selling offer price shall be allocated according to quantity priority between buying offers at the upper price limit. | ||
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| ==== Close ==== | ==== Close ==== | ||
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| * Market order with TIF set to DAY | * Market order with TIF set to DAY | ||
| * Market on Close order with TIF set to DAY | * Market on Close order with TIF set to DAY | ||
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| ===== Additional Info ===== | ===== Additional Info ===== | ||
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| For more information on the rules governing the KRX auctions and trading, see the [[https:// | For more information on the rules governing the KRX auctions and trading, see the [[https:// | ||
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| ==== Financial News ==== | ==== Financial News ==== | ||
| - | * [[http:// | + | |
| * [[http:// | * [[http:// | ||
| * [[http:// | * [[http:// | ||
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| ==== Market Data ==== | ==== Market Data ==== | ||
| * [[http:// | * [[http:// | ||
korea_exchange.1519224847.txt.gz · Last modified: 2018/02/21 09:54 by maya