Daishin Securities Signs Cross-Border Business Agreement with U.S. Broker-Dealer Alpaca
Daishin Securities is expanding its cross-border investment services for both domestic and international investors.
On July 6, Daishin Securities announced that it has signed a cross-border business memorandum of understanding (MOU) with Alpaca, a U.S. broker-dealer with its own clearing capabilities.
The two companies will promote domestic stock brokerage services utilizing integrated foreign investor accounts. Through this, global brokers partnered with Alpaca and overseas investors will be able to invest in the Korean stock market more easily and conveniently. In addition, the companies plan to cooperate on a wide range of cross-border financial services, including support for U.S. stock brokerage services for domestic institutional and individual investors. They also intend to continuously expand their global business cooperation, such as entering new markets and discovering new investment products.
Alpaca is a U.S.-based brokerage infrastructure API specialist that offers a variety of asset trading services, including stocks, ETFs, options, bonds, and virtual assets. The company has secured hundreds of clients, including global banks, fintech firms, and investment platforms, and supports over 10 million brokerage accounts.
Yoshi Yokokawa, CEO of Alpaca, stated, "We are pleased to expand our brokerage services connecting Korea and the U.S. through our partnership with Daishin Securities. By combining Daishin Securities' expertise in the Korean market with Alpaca's global brokerage infrastructure, we aim to enhance market accessibility for investors worldwide."
Hot Picks Today
"Everyone Who Hasn't Boarded Yet Will Gather"...SK hynix's Long-Awaited Nasdaq Listing on the 10th
- "Homebodies, Take Note: Just One Day Alone Dramatically Alters the Brain [Reading Science]"
- "KOSPI’s Fate Hinges on Samsung’s Earnings: Will the ‘Surge’ Resume as Profit Eyes 99 Trillion Won?"
- Staying Up Late Raises Blood Sugar in Teens...Also Increases Obesity Risk
- "Less Than 10,000 Won for 30 Bottles" Snapped Up Online, But Shocked by QR Code... Government Strengthens Control Over Illegal Bottled Water Distribution
Jung Yeon-woo, Head of the Wholesale Division at Daishin Securities, said, "Through this collaboration, we expect to provide domestic investors with more diverse overseas investment opportunities, while significantly improving access to the Korean stock market for international investors. We will continue to strengthen the competitiveness of Korea's capital market by expanding cooperation with global financial institutions."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
