SEOUL, Jul. 24 (Korea Bizwire) – The portion of stocks traded on the main bourse through mobile devices has hovered above 30 percent this year, data showed Sunday, with the figure anticipated to continue to grow sharply down the road.
According to the data compiled by the Korea Exchange (KRX), the main bourse operator, the amount of daily transactions made through mobile trading systems (MTS) came to 124 million shares this year through Thursday, taking up 30.9 percent of the combined volume.
The latest figure on the main bourse marks a sharp contrast from 2009, when only 2.4 percent of the trading volume on the main bourse was attributable to mobile devices.
While the traditional home trading system (HTS) still stood as the most favored means of trading with 49 percent this year for the KOSPI, the figure marks a sharp drop from the 73.4 percent posted in 2009.
The tech-heavy KOSDAQ market also held a comparable portion of 35 percent this year, with the daily MTS-based trading volume soaring 38.9 percent on-year.
As the secondary market is led by retail investors, it already saw the portion of mobile-based trading take up more than 30 percent last year.