Trading
Trading system
Since the stock market trading system was applied in order to promote investor convenience, the ELW trading method is nearly identical to the stock trading method in general.
| Trading Hours | 09:00~15:00, After-hours market * |
|---|---|
| Quotation price unit | KRW5 |
| Trading unit | 1 share |
| Daily price change limit | + 15% * |
| Type of order | Limit, market, Conditional limit, Immediately executable limit, Best limit * |
| Short selling | Allowed. Unlike the stock market, short selling at prices lower than the price just before is allowed. |
ETF Price
Since net asset value exists for ETFs, ETF prices form much in the same way as net asset value for 1 ETF share. However, since trust management companies plan for the net asset value of 1 ETF share to become the price found by multiplying the uniform ratio to the index tracked by the ETF, ETF prices eventually form like the prices found from multiplying the uniform ratio to the tracking index.
For example, for KODEX 200, the ratio concerning the KOSPI 200 index is 100 times; therefore, if the current index is 180.00, the price would form in the vicinity of KRW18,000 (100 times the index).
Price Multipliers for Product Indices
| Product | Tracking index | Multiplier | Product | Tracking index | Multiplier |
|---|---|---|---|---|---|
| KODEX 200 | KOSPI200 | 100 | KODEX Semicon | KRX Semicon | 10 |
| KOSEF 200 | KOSPI200 | 100 | TIGER Semicon | KRX Semicon | 10 |
| KODEX KRX 100 | KRX100 | 1 | KOSEF IT | KRX IT | 10 |
| TIGER KRX 100 | KRX100 | 10 | KODEX Banks | KRX Banks | 10 |
| KODEX Star | STAR INDEX | 1 | TIGER Banks | KRX Banks | 10 |
| KODEX Autos | KRX Autos | 10 | KOSEF Banks | KRX Banks | 10 |
Settlement System
- Settlements for ETFs occur on the 2nd day (T+2) and the method is the same as for ordinary stock settlements. Therefore, the delivery of trading prices occurs on the 2nd day reckoned from the day trading is realized.
- Since ETFs are all deposited at Korea Securities Depository, receipt and delivery of ETFs are accomplished through the exchanging of accounts among securities firms.
- Settlement Procedures (Flow Chart)
- Contents Manager :
- KOSPI Market Division/Securitized Product Management/LEE BANGSOON(02-3774-8594)
※ Data and information on the KRX website are provided for the purpose of improving availability of information for investment, not for trading securities. In spite of the efforts made in ensuring the accuracy of data and information, the KRX recognizes that unintentional and chance errors and delays occur. The KRX is not responsible for any loss resulted from the investments made using the data and information provided on its website.
