korea-exchange-upgrades-trading-system

Korea Exchange upgrades trading system

The new system is more advanced and faster, and will accommodate a wider range of financial products expected to come after the introduction of the Capital Market Consolidation Act.

The Korea Exchange KRX, considered the world's second largest derivatives exchange, has completed an upgrade of its trading system that creates an advanced platform for the benefit of investors in the local market. The new system is expected to go live on March 23, but is already available for testing by KRX members.

The upgrade, which involves aligning the trading, settlement and information distribution systems, establishes a more efficient platform for obtaining product information, according to KRX.

The next-generation system includes the KIND KRX E-Disclosure and data warehouse systems, which have both been operating since August 2008 a market surveillance system operating since October 2008 and the trading and...

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