All posts tagged "KRX"
-
273Fintech / RegtechKoscom to Develop New Platform for Trading Unlisted Securities
The project, approved under the FSC's sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.
August 14, 2019 -
775Enforcement
KRX Fines Merrill Lynch for High-Frequency Trading Activities
KRX found that over an eight-month period, Merrill Lynch's Seoul branch engaged in 6,220 high-frequency trades on behalf of a foreign hedge fund.
July 17, 2019 -
602Enforcement
Korea Exchange Fined for Making False Statement to CFTC
The CFTC found that KRX failed to disclose that it was not in compliance with a requirement to use daily stress tests to evaluate the sufficiency of its financial resources.
July 15, 2019 -
499Korea
FSC, FSS Agree to Audit KRX, Disagree on Scope
The FSS and FSC have agreed to conduct an audit of KRX by year end, though they disagree on its possible scope and comprehensiveness.
June 20, 2019 -
490FeatureKorea to Develop New Benchmark Interest Rate
The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.
June 19, 2019 -
569Korea
UPDATED – S. Korea Moving to Paperless Securities in September
South Korea's Cabinet has approved an ordinance to introduce an electronic securities system for all listed stocks and bonds from 16 September.
June 19, 2019 -
1.1KEnforcement
UPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading
KRX probe to determine if Citadel's HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.
June 12, 2019 -
643KoreaSouth Korea Cuts Securities Transaction Tax
FSC chairman Choi Jong-ku has repeatedly called for a cut in the securities transaction tax to ease the burden it places on stock and mutual fund trades.
May 30, 2019 -
627Korea
S. Korea Seeks Lower Barriers for Retail Investment in Derivatives
The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.
May 1, 2019 -
864EnforcementGoldman, Credit Suisse Raided in Seoul in Samsung BioLogics Probe
Prosecutors are reportedly looking for information about a scrapped Nasdaq listing of a Samsung BioLogics subsidiary, to shed light on possible accounting irregularities.
April 15, 2019
