KRX TENDER STUDY ON MARKET IMPACT OF HF TRANSACTIONS AND REGULATORY PROGRAMME

KRX ISSUED AN ANNOUNCEMENT ON 20 DECEMBER THAT IT WAS CONDUCTING A BIDDING EXERCISE ON THE MARKET IMPLICATIONS OF HIGH-FREQUENCY (HFT) TRANSACTIONS AND THE REGULATORY PROGRAMME. THE DEADLINE FOR THE SUBMISSION OF BIDS WAS 27 DAYS AND THE STUDY WAS SCHEDULED TO BE COMPLETED IN THE SECOND HALF OF THE YEAR. KRX INDICATED THAT THE STUDY WOULD INFORM THE REGULATORY FRAMEWORK AND THAT EXISTING RISK CONTROL MEASURES INCLUDED A HIGH-SPEED ALGORITHM DEALER REGISTRATION SYSTEM AND A MASS ORDER CANCELLATION SMELTING MECHANISM IMPLEMENTED IN 2023。