![\"Nextrade](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260505.01ed9ff6468c4ccfaecfa27bc6e0b0cc_P1.png\"\/ "\\"NXT")
Nextrade headquarters. Nextrade<\/p>\nNextrade headquarters. Nextrade<\/p>\n
South Korea’s alternative trading system (ATS) Nextrade has failed to recover its market share to levels seen before the Middle East war, even as the domestic stock market rallied to record highs, industry data showed. Analysts attribute the trend to trading volume regulations and the limits of its investor base.<\/p>\n
![\"null](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-g.v1.20260505.40723ee2ae254452ad63278270780ee8_P1.jpg\"\/ "\\"NXT")
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According to the financial investment industry on the 5th, Nextrade’s market share by trading volume fell from a daily average of 14.58% in January to 12.21% in February, then dropped to 9.98% in March when volatility expanded. Even last month, when the market recovered on ceasefire hopes, it stood at just 10.01%, effectively stagnating.<\/p>\n
The result runs counter to the expansion of the overall market. The total market capitalization of the domestic stock market, which stood at approximately 4,745 trillion won as of March 31, grew to 6,105 trillion won as of the 27th of last month, surpassing the 6,000 trillion won mark. Trading value increased in line with the market expansion. Nextrade’s average daily trading value rose from 20.35 trillion won in January to 22.95 trillion won in February and 25.16 trillion won in March, and remained at 24.19 trillion won in April.<\/p>\n
The fact that Nextrade’s share declined despite the expanding market and rising trading value is interpreted as a sign that the additional trading generated during the market expansion flowed to the incumbent Korea Exchange (KRX) rather than to Nextrade. In fact, Nextrade’s trading volume actually regressed. Its average daily trading volume declined from 307.71 million shares in January and 317.82 million shares in February to 255.69 million shares in March, and remained at 258.28 million shares in April. By contrast, KRX’s average daily trading volume rose roughly 32%, from 1.78 billion shares in January to 2.36 billion shares in April.<\/p>\n
Regulatory constraints lie behind this trend. Under current rules, an alternative trading system’s average daily trading volume over a six-month period cannot exceed 15% of the total market or 30% for any individual stock. As a result, Nextrade suspended trading in some stocks during January and February when volumes surged, reducing the number of tradable stocks. The number of stocks traded on Nextrade fell from 693 in January to 665 in February, 646 in March and 638 in April.<\/p>\n
The investor structure is also cited as a factor constraining share expansion. As of last month, individual investors accounted for more than 85% of trading on Nextrade, while foreigners made up 10% to 12% and institutions 2% to 3%. By contrast, on KRX, individuals account for about 50%, while foreigners and institutions account for about 30% and 20%, respectively, making up nearly half of the trading. Ultimately, the participation of large-scale capital in a bull market is widening the gap between the two markets, analysts say.<\/p>\n
“KRX, where foreign and institutional capital is concentrated, has absorbed the increased trading during the market expansion phase, while Nextrade, which is centered on retail investors, is showing structural limits to expanding its share,” an official in the financial investment industry said.<\/p>\n","protected":false},"excerpt":{"rendered":"Nextrade headquarters. Nextrade South Korea’s alternative trading system (ATS) Nextrade has failed to recover its market share to…\n","protected":false},"author":2,"featured_media":3629,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[3273,3270,3271,337,681,864,3272,3268,3269,989],"class_list":["post-3628","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea-exchange","tag-15-rule","tag-alternative-trading-system","tag-ats","tag-korea-exchange","tag-korean-stock-market","tag-krx","tag-market-share","tag-nextrade","tag-nxt","tag-retail-investors"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/3628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=3628"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/3628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/3629"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=3628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=3628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=3628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}