ETF and ETN deviation limits will tighten later this month, while new retail investors in single-stock leveraged products face mandatory simulated trading.
South Korea is set to tighten deviation-rate management for all exchange-traded funds (ETFs) and exchange-traded notes (ETNs), while introducing mandatory simulated trading for new investors in single-stock leveraged and inverse products from 19 August. Under the revised rules, securities firms’ obligations to manage deviation rates, measured at closing prices, will be tightened for all ETFs and ETNs The Financial Services Commission (FSC) approved amendments to the Korea Exchange&rsqu