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Nextrade Captures 30% of South Korea’s Stock Market with Extended Hours and Lower Fees
Nextrade Captures 30% of South Korea’s Stock Market with Extended Hours and Lower Fees
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BTCCSquare news:
Nextrade has rapidly seized nearly 30% of South Korea's $2.4 trillion stock market, challenging the 70-year-old Korea Exchange (KRX). The platform's 12-hour trading window—nearly double KRX's 6.5 hours—and fees 20–40% cheaper have lured retail traders, who now dominate 86% of its activity. Stocks like Doosan Enerbility trade more on Nextrade than on KRX.
Retail investors, dubbed 'ants,' flock to Nextrade for pre-market action, crypto, and U.S. ETFs. Foreign participation is rising, now at 11%. While Nextrade doesn’t support IPOs, its price-based order routing and flexibility have cemented its appeal.
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