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According to the statement, South Korea's Nextrade will temporarily ban orders with rising and falling stop prices on the same day from August 12 to prevent price distortion. This temporary measure will remain in effect until the static volatility interruption mechanism is introduced on September 14. Nextrade said that some stocks were traded at high or low stop prices during pre-market trading sessions, such as SK Hynix shares. The market is concerned that even if the trading volume is very small, it may cause price distortion.
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According to the statement, South Korea's Nextrade will temporarily ban orders with rising and falling stop prices on the same day from August 12 to prevent price distortion. This temporary measure will remain in effect until the static volatility interruption mechanism is introduced on September 14. Nextrade said that some stocks were traded at high or low stop prices during pre-market trading sessions, such as SK Hynix shares. The market is concerned that even if the trading volume is very small, it may cause price distortion.
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