Mobile trading systems have become the most frequently used stock trading platform in KOSPI with a large number of individual investors having entered the stock market this year.
Korea Exchange announced on July 20 that the average daily value of trading in KOSPI based on wireless terminals such as smartphones was 6,772.5 billion won for the period of Jan. 1 to July 20 this year. The amount is 34.2 percent of the total. Home trading systems, offline and telephone orders, and dedicated lines accounted for 25.26 percent, 21.83 percent, and 18.56 percent, respectively.
Last year, offline and telephone orders represented 31.7 percent (3,165 billion won) of the average daily trading value of KOSPI, followed by mobile trading systems (2,363 billion won) and home trading systems (2,162 billion won).
In KOSDAQ, mobile trading systems became the most favorite platform last year by reaching 41 percent with home trading systems at 40.7 percent. At present, mobile and home trading systems represent 39.5 percent and 31.9 percent of the average daily trading value of both markets, respectively.
In the first half of this year, individual investors’ total trading value in both stock exchanges was 1,671.8 trillion won, 72.9 percent of the entire trading value. The ratio increased by 8.1 percentage points from a year ago.
An interesting point is that investors using mobile and home trading systems, mostly individual, have moved in the opposite direction to those using dedicated lines and offline and telephone orders, mostly institutional and foreign, since the outbreak of COVID-19. According to Samsung Securities, wireless terminal- and home trading system-based trading have resulted in net purchases of 25,057 billion won and 7,402 billion won this year, respectively. On the other hand, trading based on the orders and lines have led to net sales of 15,671 billion won and 16,888 billion won, respectively.