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South Korea’s Nextrade Disrupts Equity Market with Lower Fees and Extended Hours
South Korea’s Nextrade Disrupts Equity Market with Lower Fees and Extended Hours
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BTCCSquare news:
Nextrade, South Korea's burgeoning trading platform, has seized nearly 30% of the country's $2.4 trillion equity market since its March launch. The platform's competitive edge stems from significantly lower transaction fees—20% to 40% cheaper than the Korea Exchange (KRX)—and a 12-hour trading window, dwarfing KRX's 6.5-hour session.
Retail investors dominate Nextrade's activity, accounting for 86% of total trades. The extended hours, particularly the pre-market session, now outperform post-market activity, reflecting a shift in trader behavior. Stocks like Doosan Enerbility are already trading more heavily on Nextrade than on the decades-old KRX.
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