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 |
|---|---|
| Quotation price unit | KRW5 |
| Trading unit | 10 shares |
| Price change limit | The application of price change limits are removed in consideration of high price fluctuations. |
| Type of order | Limit |
| Exceptions to Trading Conclusions | Removal of applications for large quantity of reports, large quantity during trading hours, basket, after-hours trading, etc. |
| Trading halt |
ㆍThe ELW Market stops and resumes when stock market trading stops (CB) and resumes ㆍELW stops and resumes when underlying stock trading stops and resumes ㆍStop and resume when ELW stocks or trading volumes change (are expected to change) drastically with relation to ELW issuing companies |
| Substitute security | Excluding designations based on the possibility of sharp declines in guarantee values that follow high price fluctuations. |
| Short selling | Not allowed |
Settlement System
- Settlements for ELWs 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 ELWs are all deposited at Korea Securities Depository, receipt and delivery of ELWs are accomplished through the exchanging of accounts among securities firms.
- Settlement Procedures (Flow Chart)
- Contents Manager :
- KOSPI Market Division/Product Management/LEE BANGSOON
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