Korea Exchange (KRX) said on the 30th that it signed market-making contracts for next year's stock market with 10 member firms.
Market makers submit continuous bid and ask quotes for the contracted issues to supply liquidity so that the transaction proceeds smoothly.
The 10 companies participating in this contract are NH Investment & Securities, Kyobo Securities, Shinyoung Securities, Korea IMC Securities, LS Securities, Meritz Securities, CLSA Korea Securities, DAOL Investment & Securities, Daishin Securities Co., and Shinhan Investment & Securities.
Next year's market-making issues on the KOSPI market total 313, up 3% from this year's 304. The KOSDAQ market will have 421, up 1% from this year's 415.
The exchange said, "On the KOSPI market, 95.2% of the market-making contract issues, and on the KOSDAQ market, 37.5%, were assigned two or more market makers," adding, "We will continue efforts to increase liquidity for market-making target issues."
Separately, the exchange the previous day signed next year's market-making contracts for stock and stock index derivatives with 19 securities firms. Two or more market makers were assigned to a total of 354 derivatives.