Nextrade Bans Daily Price Limit Orders to Prevent Distortion

South Korean platform Nextrade suspends limit orders starting August 12 to curb price distortion risks identified in pre-market sessions.

Woofun AI reports that Nextrade, a South Korean alternative trading platform, will temporarily prohibit orders placed at the daily price limit beginning August 12. This measure aims to prevent market distortion, as noted by the platform regarding previous instances where stocks like SK Hynix traded at limits during pre-market sessions with minimal volume.