Korea Exchange: Improvements To Block Trade System On KOSDAQ

The KOSDAQ Market Division of Korea Exchange has decided to allow block trade during the regular trading hours to meet investor demand and ease price restrictions to facilitate negotiations.

1 Introduction of Intra-day Block Trade
Currently, investors can execute block trade after the market is closed, but under the new rules, block trade will be allowed during the regular trading hours(09:00?15:00).

Price quotation for intra-day block trade should be within the highest or the lowest price before the quote is submitted.

2 Wider Price Band for After-Hours Block Trade
(Current) Closing Price±7%(within the price limit) or Trading Volume-Weighted Average Price ? (New) within the price limit