Founded by the Korea Financial Investment Association in collaboration with major securities firms, NXT will initially facilitate trading for 10 stocks, with plans to expand to 800 within a month.
The platform operates from 8 a.m. to 8 p.m., significantly widening the window for investors compared to the Korea Exchange’s traditional schedule of 9 a.m. to 3:30 p.m.
Nextrade’s extended hours feature a pre-market session from 8 a.m. to 8:50 a.m. and an after-market session from 3:30 p.m. to 8 p.m. This structure allows traders to react more swiftly to global financial developments occurring outside regular market hours.
In a bid to attract investors, Nextrade offers transaction fees that are 20 to 40 percent lower than those of the Korea Exchange. Maker orders are subject to a fee of 0.0013 percent of transaction value, while taker orders are charged 0.0018 percent — both undercutting the Korea Exchange’s flat fee of 0.0023 percent.
Of the 32 securities firms planning to join Nextrade, 28 have committed to participating from the first day, collectively accounting for 87.4 percent of last year’s brokerage market share by transaction value.
The initial lineup of tradable stocks includes five from the benchmark KOSPI index — Lotte Shopping, Cheil Worldwide, Kolon Industries, LG Uplus, and S-Oil — as well as five from the KOSDAQ market — Golfzon, Dongkook Pharmaceutical, SFA Engineering, YG Entertainment, and Com2uS.
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