• Index arbitrage trading: Any trade that is carried out in a form set by the Enforcement Rules, by linking a basket of constituent stocks of an index specified in the Enforcement Rules(such as KOSDAQ 150 and KRX 300), from among the indices underlying stock price futures or stock price options specified in the “Derivatives Market Business Regulation”, and a futures contract or options contract on the same index, in order to gain profits by exploiting the differences in the price between the basket of constituent stocks of the index and the futures contract or options contract; or
• Non-arbitrage trading: Any trade in which an identical person who is within the scope set by the Enforcement Rules buys or sells constituent stocks of KOSDAQ Index (referring to an index calculated by the Exchange based on the total aggregate market value with the base date of July 1, 1996; the same hereinafter) at once in excess of a specific number specified in the Enforcement Rules.