Korea Exchange halts trade now - circuit breakerThe 'sidecar' is a rule that lets the Korea Exchange (KRX, the operator of SK's bourse) halt futures trading of equities during periods of extreme market volatility.
- Triggered when the benchmark KOSPI futures contract moves more than 5% from the previous close.
- The KRX limits program trading for five minutes as a 'circuit breaker'
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Korea Exchange halts trade now - circuit breaker (https://www.forexlive.com/news/korea-exchange-halts-trade-now-circuit-breaker-20240806/)
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