Disruptions in ETF Trading Due to Korea Exchange System Malfunction
A technical malfunction at the Korea Exchange resulted in delays and refusals in the trading of several exchange-traded funds (ETFs). The financial investment industry speculated that the surge in trading volumes might have stressed the system, as similar issues have occurred in the past. This incident adds to the recent spate of technical disruptions reported across the securities industry.
Notably, trading of the crude oil futures ETF, KODEX WTI Crude Oil Futures (H), was halted for approximately two and a half hours due to a data discrepancy error that delayed the ETP trading system. The exchange announced that trading resumed at 3 PM and affirmed that stock trading was unaffected. Furthermore, the exchange committed to making every effort to prevent recurrence of such issues.
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Crude Oil Futures ETF Halted Due to System Failure… Exchange Promises to Prevent RecurrenceDue to a system failure at the Korea Exchange, transactions for the ETF KODEX WTI Crude Oil Futures (H) were delayed and temporarily halted on the 9th. The exchange mentioned at 12:32 PM that day the quotation of the said ETF.
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Korea Exchange System Error Causes Trading Halt for Some ETF StocksSystem error at the Korea Exchange causes a trading halt for some ETF stocks, by Reporter Ryoo Eun-hyuk, Securities