Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

Korea Stock Exchange Kospi Index / Event-Driven

Korea Stock Exchange Kospi Index (KOSPI INDEX)

<ul>
<li>Starting June, KRX adds a 7–8 a.m. pre-market and 4–8 p.m. after-market, aiming for a 24-hour, near-continuous KOSPI by 2027.</li>
<li>Key focus: Can KRX’s extended hours absorb overnight volatility, letting desks manage delta early, while quants face a routing arms race across KRX (7 a.m.) and Nextrade (8 a.m.)?</li>
<li>KRX targets June for rollout, no exact date yet. Brokers are upgrading systems, and early glitches like order inversion are likely, so close monitoring is needed.</li>
</ul>


Starting June, KRX adds a 7–8 a.m. pre-market and 4–8 p.m. after-market, aiming for a 24-hour, near-continuous KOSPI by 2027.
Key focus: Can KRX’s extended hours absorb overnight volatility, letting desks manage delta early, while quants face a routing arms race across KRX (7 a.m.) and Nextrade (8 a.m.)?
KRX targets June for rollout, no exact date yet. Brokers are upgrading systems, and early glitches like order inversion are likely, so close monitoring is needed.


KRX Pre- (7–8 AM) & After- (4–8 PM) Market Rollout in June: Key Trading Angles