[Infostock Daily= Reporter Park Hyo-sun] The Korea Exchange recently announced additional measures to suspend trading of some ETNs for two days as the gap between related stocks continued to expand in the stabilization of ETN (listed index securities) related to WTI (West Texas oil).
The Korea exchange will suspend trading for two days from the 23rd to the 24th if the gap between Shinhan Leverage WTI crude oil futures ETN (H) and Mirae Asset Leverage crude oil futures mixed ETN (H) is not normalized until the end of the day.
Since then, the two products will resume trading on a single price sale basis starting on the 27th. Single-sale trading is a method of concluding a transaction every time an order is introduced, but collecting a certain time order and concluding it at a certain price at a certain time.
It will announce separately whether the transaction will resume for Samsung Leverage WTI crude futures ETN and QV Leverage WTI crude futures ETN (H), which have been suspended for trading.
An official from the Korea Exchange said, "If the gap rate is not normalized even in such measures, we will extend the suspension of trading."
Reporter Park Hyo-sun hs1351@infostock.co.kr
