Shinhan Investment Corp. noted on the 9th that the transaction ratio through the alternative exchange NextTrade (NXT) has significantly increased among the total transaction amount.
In the early launch phase of NXT, the market share, which was only in the 5% range in March, expanded to 28% in April. Shinhan Investment Corp. analyzed that this is due to the fact that the number of listed transaction items on NXT increased sharply to 796 at the end of March, resulting in a significant influx of retail investors.
Consequently, the NXT ratio in Shinhan Investment Corp.'s domestic stock transactions is also rapidly increasing. Last month, more than 22% of Shinhan Investment Corp.'s total domestic stock transaction amount occurred through NXT on an average daily basis. On days when pre-market and after-market transactions were active, it rose to 28%.
Shinhan Investment Corp. reported that there is a clear upward trend in pre-market transactions. In the initial phase of NXT, after-market transactions were more prevalent due to the influence of investors familiar with the Korea Exchange's after-hours transactions, but recently, pre-market transactions have surpassed them. Shinhan Investment Corp. stated, "This appears to be the result of investment demand reflecting global issues that arose overnight."
Shinhan Investment Corp. announced that it will hold events by the end of this month to activate the alternative exchange. A total of 300 people will be drawn to receive Domino's Pizza exchange vouchers upon completing an after-market transaction on the alternative exchange.
Jeong Yong-wook, the head of asset management at Shinhan Investment Corp., said, "With the introduction of multiple exchange systems, investors' choices are expanding, and the market structure is becoming more advanced. We will continue to enhance our services to enrich customers' investment experience in their daily lives in line with these changes."