(Seoul=Yonhap Infomax) Yo Been Noh – The Korea Exchange (KRX) will allow brokerage trading in the emissions market to boost liquidity and participation.
The KRX announced on the 23rd that, in line with the government’s plan to expand third-party participation in the emissions trading market, brokerage trading will be implemented starting the following day (24th).
With this change, individual financial institutions will be able to trade emissions allowances through securities firms without directly joining the exchange as members. This move is expected to bring new participants into the market, including banks, insurance companies, and funds.
The KRX explained that the participation of financial institutions will broaden the base of market participants and enhance trading convenience for companies subject to emissions allocations.
Meanwhile, NH Investment & Securities Co. was selected as a pilot participant for emissions trading brokerage in March last year.
ybnoh@yna.co.kr
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