Nextrade expected to offer reduced transaction fees, but exclusion of ETF and government bonds may hamper its growth Nextrade logo (Nextrade)A new bourse operator is looking to shake up the Korean stock market next year, with a launch that would break up Korea Exchange's monopoly for the first time in nearly seven decades.On July 19, the Financial Services Commission granted preliminary approval for the alternative trading system called Nextrade.A total of 34 companies, including leading brokerage houses and ICT firms, as well as the Korea Financial Investment Association, a non-profit, self-regulatory organization which has over 560 member companies in the financial sector, are actively working together to develop this new stock trading platform.

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