FSC Vice Chairman Kim so-young held a meeting with officials from the Financial Supervisory Service and the Korea Exchange on May 2 and discussed the need to make improvements to the CFD (contract for difference) trading system which has been used in the recent unfair market transaction cases that led to large-scale sell-offs of CFDs. At the meeting, Vice Chairman Kim said that although the cases are under investigation currently, financial authorities should seek measures to improve the CFD trading system in a preemptive manner to ensure prevention of further risks to investors and securities firms in the future. Vice Chairman Kim also urged officials to bolster supervision and oversight over unfair trading activities in capital markets to prevent such cases from happening again.