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Regulatory friction can dramatically reshape market behavior
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Trading on leveraged ETFs for Samsung and SK Hynix is down 96% from June peak because South Korean retail traders now have to take a 5-day trading simulation course before trading them. The course requires users to “download a Windows-only program on PCs and spend at least an hour a day learning the ropes — and the risks — of leveraged trading with virtual cash” and it became too much of a hassle.
EricBalchunas@EricBalchunasAug 31
Leveraged ETF trading in South Korea has plummeted. Down to 4% of its peak volume in June. Why? The selloff def helped but also the 5-day "training and simulation" course the govt makes you take is deterring ppl. It's cumbersome as hell sounds like. @YKreports has the details: https://t.co/vEh1fSaaBz
