Korean Brokers Disclose Staffing for Single Stock Leveraged Products - report

Twenty-four Korean brokerages use dedicated teams of one to six people for single stock leveraged products, Dailian reported Sunday. The report cited staffing data supplied through the Korea Financial Investment Association to a lawmaker.

Most teams have two or three staff managing liquidity provision across sixteen listed leveraged or inverse products. Kiwoom Securities Co., Ltd. (039490) has two staff, each handling an average 10,802,914 units daily.

The report said exchange rules do not set a minimum staffing requirement. Kiwoom Securities Co., Ltd. (039490): The company's market capitalisation was ₩7.1 trillion at Friday's close.

Sources

  1. Dailian
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