Korea Stock Exchange: Changes In Trading Schemes To Become Effective On Jan. 26, 2004

Introduction of Random-end System
- The KSE will introduce a random-end system to curb any attempt to manipulate the opening or closing price. When the provisional opening or closing price of an issue deviates significantly from its indicative prices, the KSE delays the determination of the opening or closing price of the issue to establish a fair price by including more quotations in the auction process. The official opening or closing price of such issue is determined at a randomly chosen time, within five minutes after the closing time of opening/closing call market.
Introduction of New Order Types
- New order types to be introduced are 'immediately executable limit order' and 'best limit order'. Also, the KSE will allow investors to affix "fill or kill (FOK)" or "immediate or cancel (IOC)" condition to a market order, limit order and immediately executable limit order.

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