NextTrade Launches 12-Hour Trading
YG Gains, Golfzon Slumps Today
Kim was on the way home from work when he noticed his trading app showing active orders well past 4 p.m. Curious, he called his brokerage and was told, “Starting today, you can trade until 8 p.m. through the new alternative trading system (ATS) called NextTrade.” With that, Korea’s stock market entered a new era, one in which investors can buy and sell shares for as long as 12 hours in a single day.
Until now, the Korean stock market was limited to the Korea Exchange (KRX) alone, making it nearly impossible to buy and sell after normal trading hours. But with NextTrade’s official launch, investors are discovering new opportunities. People are especially interested in how certain stocks perform in this extended environment.
One of the day’s most talked-about names was YG Entertainment. After rising more than 4% during regular trading on the KRX, YG Entertainment continued to climb over 3% in NextTrade’s after-market session, although the gap between the two markets narrowed later in the evening. On the other hand, some stocks like Lotte Shopping and Golfzon recorded relatively lower volumes or continued a downward trend, highlighting the diverse trading activity that took shape in this newly opened market.
Below is a summary from recent data on NextTrade’s first day:
Key Data Highlights (CSV Summary)
• About 88 billion KRW in trading value on the main market (March 4)
• About 75 billion KRW in trading value for the after-market (as of 4 p.m. on launch day)
• YG Entertainment recorded the highest trading volume (23,5718 shares) and trading value (~155 billion KRW)
• Golfzon showed the lowest trading activity (2,172 shares, ~1.27 billion KRW)
• Several stocks experienced a price gap exceeding 1% point between the KRX and NextTrade
• The total number of tradable stocks on NextTrade will expand to 800 by the end of March, adding big names like Samsung Electronics and SK Hynix along the way
Market experts note that although some investors initially tried to take advantage of price discrepancies between the KRX and NextTrade, the transaction tax and fees make high-frequency arbitrage more challenging than it might appear. Nevertheless, it is worth watching how liquidity unfolds once more actively traded companies are added. Early on, after-hours trading seemed robust enough for NextTrade’s after-market to surpass its main-market trading volume in certain hours—a sign that many individual investors appreciate the added flexibility in their trading schedules.
NextTrade officials stated they are monitoring market stability and striving to provide more innovative services as the system expands. Regulators have also indicated a willingness to oversee this “multi-market era” closely to ensure fair and orderly trading.
As the list of NextTrade-eligible stocks grows, total trading activity is expected to increase dramatically. Extending the market to a 12-hour window benefits investors who are occupied during regular hours or who want more control over their portfolios after the typical workday. Kim, for instance, felt relieved that he no longer had to rush his trading decisions before the usual 3:30 p.m. cutoff.
This bold new development in Korea’s capital market offers both convenience and potential opportunities for additional returns. While it remains to be seen how big an impact NextTrade will have on overall market dynamics, it’s clear that many investors are already enjoying the ability to trade well beyond the traditional closing bell. This article was assisted by AI.
Glossary
ATS (Alternative Trading System): A non-traditional trading venue that operates alongside the main exchange (KRX) to match buy and sell orders.
Pre-Market: A trading session from 8:00 to 8:50 a.m., before the main exchange opens.
After-Market: A trading session from 3:30 to 8:00 p.m., after the KRX closes.
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