What is alternative trading venue?Alternative Trading Venue

A regulator-approved stock trading venue outside the exchange, such as Korea's Nextrade, operating since 2025 with longer hours and possibly different fees.

Learn “alternative trading venue” in an animated lesson

Korea Stock Rules
Single-Price Auctions and the Regular Session
The Korean market takes orders from 8:30, opens at 9:00 and closes at 15:30; both the open and the close are priced by single-price auctions, and there are two after-hours periods after the close.

Related terms

price-time priority
call auction
continuous trading
opening price
closing auction
single-price auction (dongsi-hoga)

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Go to “Single-Price Auctions and the Regular Session”