Financial Authorities Hold ATS Licensing Briefing... Full-Scale Establishment 추진

[Asia Economy Reporter Lee Jung-yoon] The Financial Services Commission and the Financial Supervisory Service, which are promoting the introduction of Alternative Trading Systems (ATS) to foster the development of the capital market through establishing a competitive system among exchanges, will hold an authorization briefing session.

The Financial Services Commission announced on the 16th that it will hold a briefing session on the 25th to explain the ATS authorization requirements, authorization review directions, and schedule.

ATS refers to investment trading and brokerage firms under the Capital Markets Act that operate as multilateral trading facilities, conducting securities trading, brokerage, underwriting, and agency services simultaneously for multiple parties through information and communication networks and electronic information processing devices.

ATS performs the trading execution function for securities listed on the Korea Exchange or securities depositary receipts. Other functions such as listing review, clearing and settlement, and market surveillance are carried out by the regular exchange, the Korea Exchange.

It is expected that establishing a competitive system between ATS and regular exchanges will lead to cost and service improvements, quantitative expansion of trading volume, and enhancement of stock market stability and efficiency.

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