Korean brokerage homes on Tuesday reopened providers for daytime buying and selling of U.S. shares, greater than a 12 months after they suspended the service as a consequence of system glitches, trade sources mentioned.
Traders utilizing buying and selling techniques of 18 brokerage companies right here will be capable of commerce U.S. shares from 9 a.m. to five p.m., based on the sources.
Daytime buying and selling of U.S. shares in Korea had been halted since Aug. 5, 2024, following a technical glitch that precipitated the mass cancellation of orders from native buyers by Blue Ocean, the one various buying and selling platform at the moment that had a enterprise tie with native brokerage companies.
For the resumption of daytime buying and selling, native brokerages have partnered with two different various buying and selling platforms — Bruce and Moon.
Additionally, native brokerage homes have employed a minimum of two brokers to answer surprising occasions.
Investments in U.S. shares alone totaled $155.5 billion, or about 94 p.c of native buyers’ whole abroad fairness holdings, based on the information from the Korea Securities Depository.
