콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

The establishment of alternative trading system in Korea : Issues & considerations

Related Document
Frame of Image ey Factors of Growth
21
IV. ATS Industry in Korea
1. History 2. Effects of the ATS in the Domestic Market
27
V. Considerations 1. Advanced Structure of the Best Execution
2. Independent Clearing House and Market Surveillance 3. Transparency of Information & Fair Trade 4. Regulations on the Tick Size and Market Stability 5. Transaction Fees 6. Development of the Dark Pool 7. Mid-to-Long-term Plans for the ATS Industry
33
01
The Establishment of Alternative Trading System in Korea: Issues & Considerations
I. Introduction
■
On the recently proposed FSCMA (Financial Investment Services and Capital Markets Act) revision, the introduction of ATSs (Alternative Trading System) is positively being considered to be adopted so as to boost the domestic securities markets‘ competition.
Ⅱ. ATS (Alternative Trading System)
■
An ATS is an trading system where brokers, dealers, and investment banks participate to use as an electronic trading.
	 ○ An ATS makes a trade on behalf of the stock exchange, so called as “alternative” trading system. 	 ○ Advance in information and communication technology has fostered the ATS industry in the US and Europe. 	 ○ Asian countries had the difficulty in adopting the system due to its regulations, even though the system is widely accepted currently in the region.
■
According to the regulations, the type of securities, and trading information, an ATS itself has many different forms.
	 ○ In terms of the mechanism of execution and price discovery, ATSs can be c


Full Text
Title The establishment of alternative trading system in Korea
Similar Titles
Sub Title

Issues & considerations

Material Type Reports
Author(English)

Song, Min-Kyu; Youn, Taehoon

Publisher

Seoul:Korea Institute of Finance

Date 2012-02
Series Title; No Finance VIP Series / 2012-02
Pages 47
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KIF; KDI School