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Diagram 3.4 : Transaction and clearing process at the Exchange 3.3.2. Process explanation Includes 2 phases: 3.3.2.1. Phase 1: Transaction (1) Investor placing an order: An investor who wants to trade stock options must first open an account at a member securities company, then instruct this ...

Clearing Regulations: To Ensure Solvency

For example: When the Futures Exchange was first established, KRX only listed 7 stocks as underlying assets, mainly based on liquidity and volume of outstanding shares. After a period of development, KRX gradually added more stocks to this asset portfolio. Up to now, KRX has a portfolio of 30 ...

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