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fall in Kospi triggered by W1.6 trillion of sales by local Deutsche unit |
An investigation into a market plunge on the Korea Exchange in November has put Deutsche Securities under the spotlight and triggered changes to Korean derivatives market practice. Deutsche will probably find out by March what, if anything, it’s been found guilty of and what the outcome will be.
On November 11, the Seoul market fell steeply in the last half hour of trade on the back of heavy foreign selling, much of it in programme trading, and specifically an arbitrage trade on an expiry date for options.
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