KRThe Korea Exchange (KRX) is seeking clarification from major asset managers and securities firms regarding their decision not to participate in after-market trading for exchange-traded funds (ETFs) and exchange-traded notes (ETNs). This follows a suspension of the application process due to ongoing market volatility. The KRX plans to meet with industry representatives to assess changes in demand and address operational concerns such as the calculation of indicative net asset value and redemption processes. Initially, the KRX had intended to launch the after-market on September 14, aiming to compete with 24-hour cryptocurrency markets and Nextrade, an alternative trading system. However, regulatory tightening on single-stock leveraged ETFs, including increased deposit requirements and restrictions on substitute securities, has affected market dynamics and participation intentions.
Bias read (Center): The article presents a factual update on the KRX's efforts to clarify participation in after-market ETF trading without overtly favoring either side of the debate. It reports on regulatory actions, market conditions, and industry responses without taking a clear ideological stance. The framing is ap
