Exchange Shortens Calculation Cycle of Major Indices... Announcement Time Also Moved Earlier
[Asia Economy Reporter Song Hwajeong] The Korea Exchange announced on the 6th that it will shorten the calculation cycle of major indices from '2 seconds' to '1 second' starting December 7th to provide investors with faster and more accurate market conditions and investment information.
Along with this, the initial announcement time of all real-time indices during trading hours will be moved forward from '9:01 AM' to '9:00:10 AM.'
The indices subject to the shortened calculation cycle include KOSPI 200, KOSDAQ 150, KRX 300, and their sector indices. With this reorganization, the calculation cycles of KRX indices will be restructured into three levels?1 second, 2 seconds, and 10 seconds?according to the purpose of the index.
To ensure that opening price information is immediately reflected in the indices, the initial announcement time during trading hours will be changed for all real-time indices. The target indices include all 351 real-time indices such as KOSPI, KOSDAQ, and KOSPI 200. Previously, the announcement was made at 9:01 AM, one minute after the regular market trading began, but after the reorganization, it will be announced at 9:00:10 AM, 10 seconds after the regular market trading starts.
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An exchange official stated, "By reflecting real-time market conditions more quickly and accurately in the indices, we can provide investors with high-quality investment information in a timely manner, which is expected to contribute to the activation of trading, including spot and futures linked trading." He added, "We will continue to improve other indices to ensure that market information is reflected promptly to enhance investor convenience and support market activation."
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