Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Lowering Tick Sizes for KOSPI & KOSDAQ Starting Next January

Citadel Algorithm Trading on KOSDAQ: Accusations of Spoofing

Algorithm Trading on KOSDAQ: Citadel Fund Case Checkup

Rule Changes in Disclosing the Identities of Foreign Short Sellers in Korea

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>KRX proposes three new rules: 1. trader pre-registration, 2. brokerages' risk management measures, and 3. traders' risk management tools
</li>
<li>KRX plans to implement it in January next year with a grace period of three months for the pre-registration after the effective date.</li>
<li>The key is to what extent KRX will flexibly monitor and supervise this. If not, market liquidity will be significantly reduced, resulting in a distortion that widens the market spread.</li>
</ul>


KRX proposes three new rules: 1. trader pre-registration, 2. brokerages' risk management measures, and 3. traders' risk management tools

KRX plans to implement it in January next year with a grace period of three months for the pre-registration after the effective date.
The key is to what extent KRX will flexibly monitor and supervise this. If not, market liquidity will be significantly reduced, resulting in a distortion that widens the market spread.


Detailing KRX's Proposed New Rules (Pre-Registration/Monitoring) For High-Frequency Traders

Samsung Electronics

Detailing KRX's Proposed New Rules (Pre-Registration/Monitoring) For High-Frequency Traders