The Zhitong Finance App learned that South Korea's alternative trading platform Nextrade announced on Friday (August 7) that it will temporarily ban orders placed during the pre-market trading period at the limit price of 30% of the day during the pre-market trading period to prevent serious price distortions caused by “Fat Finger” misoperation. This emergency measure directly targets the recent “11 share flash crash” incident where SK Hynix (SKHY.US) occurred twice in a row during pre-market trading — small transactions of only 11 shares or 1 share triggered a 30% intraday drop limit, which in turn triggered the forced liquidation of nearly 60 million US dollars of long positions in the cryptocurrency market.

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