To Keep Track of Illegal Transactions in Real Time
Korea Exchange is working on a system for illegal short selling uncovering and the real-time monitoring system is expected to be made public this month.
Korea Exchange has lacked real-time means for monitoring illegal short selling such as naked short selling. However, the system will keep track of such trading in real time by monitoring asking prices brokerage firms submitted to the Korea Exchange.
The development of the system is slated to be completed this month so that it can be put into operation once the temporary short selling ban is lifted in the middle of next month.
Yoon Young-sil
contact@businesskorea.co.kr