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Photo: Korea Exchange |
[Alpha Biz= Kim Jisun] Trading of an oil exchange-traded fund (ETF) was temporarily suspended on the Korea Exchange on Monday after a system malfunction disrupted order processing.
According to the exchange, order execution delays occurred at around 12:32 p.m. in the KODEX WTI Crude Oil Futures ETF (H), leading to the rejection of new orders. Trading in the product was halted at 12:40 p.m. and resumed at 3:00 p.m.
The disruption was traced to a data mismatch during the ETF’s trade execution process, which caused delays in the exchange-traded product (ETP) trading system. The issue reportedly occurred during the single-price auction phase after a circuit breaker was triggered.
The exchange said the malfunction was limited to ETP products and did not affect trading in regular stock listings or other financial instruments.
The Korea Exchange said it will investigate the cause of the system error and review investor inconvenience before introducing measures to prevent similar incidents and improve system stability.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
