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Shinhan Investment launches FX trading on Advanced Markets DMA platform

08 February 2010  |  2523 views  |  0 Source: Advanced Markets

Shinhan Investment Corporation, a leading Korean securities broker, and Advanced Markets LLC, a US foreign exchange broker, are launching an FX margin trading platform for Shinhan's clients.

The platform is being introduced to the firm's approximately 23,000 futures trading clients. FX margin trading will be offered to all of the firm's eligible clients as part of a phased roll out this year.

Shinhan's FX margin trading service will be offered in strategic partnership with Advanced Markets, LLC, which offers Foreign Exchange Direct Market Access (FX DMA) to live, competitive quotes streamed by global FX bank market makers.

"FX margin trading is an important new market for Shinhan Investment and its trading clients," said Jung jong-ok, head of the Online -Business Department, Shinhan Investment Corporation. "We are pleased to offer Advanced Markets' Direct Market Access model, which provides fully transparent, high speed trade executions, enabling our trading clients to see and trade directly on wholesale FX rates provided by more than 10 leading FX banks."

Shinhan Investment Corporation has approximately 1.4 million clients and more than USD 2.2 billion in assets. The firm is part of the Shinhan Banking group of companies with offices in Korea, China, Europe and the United States.

"Advanced Markets is excited and honored to launch this strategic partnership with Shinhan Investment Corporation," said Anthony Brocco, Chief Executive Officer, Advanced Markets. "Like Shinhan and other leading global brokers in Asia and elsewhere, we believe FX DMA is the most transparent, fairest, most powerful market structure available to FX traders."

Advanced Markets LLC is a designated US Futures Commission Merchant (FCM) and Foreign Exchange Dealer Member (FDM). In recent months the firm has launched FX margin trading services with brokers and financial institutions in Japan, Hong Kong as well as an additional Korean securities firm.

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