MidasTrade.com (Other OTC:MIDS.PK) is pleased to announce that the company's wholly owned subsidiary, Midas Securities has entered into an Execution and Service Bureau Correspondent agreement with Woori Futures.
Woori Futures is a wholly owned subsidiary of Woori Financial Holdings (NYSE:WF). Under the agreement, Midas Securities will provide Woori Futures with trade execution and market data services for U.S. and European futures and commodities markets. Woori Futures and their customers will have Direct Market Access (DMA) to the U.S. markets (CME, CBOT, CBOE, COMEX, NYMEX, NYBOT) and global markets (LME, EUREX, SGX, and Tokyo Exchange) via the Midas Trade GDAN. In addition, Woori Futures will provide clearing and settlement for KOSPI options and futures trades for U.S. investors utilizing the Midas Trade GDAN.
MidasTrade President, Jay Lee stated, "We are honored to have been selected by one of the premier financial institutions in Korea to provide access to futures and options for Korean investors. Korean investors will access U.S. and European futures and options markets via MidasTrade GDAN. This is a historic achievement for Midas Trade and we are looking forward to a long and rewarding relationship with Woori Futures. "