Hana Securities Launches Foreign Integrated Account Trading with Futu Securities
On July 27, Hana Securities announced that it has launched foreign integrated account trading in partnership with Hong Kong-based global financial platform Futu Securities.
The foreign integrated account system allows non-resident foreign investors to place orders and settle trades for domestic stocks through local securities firms, without the need to open a separate account in Korea. The system is garnering attention both for increasing the convenience of overseas investors and for expanding the foundation for capital inflows into the Korean stock market.
Futu Securities is a Hong Kong-based global securities company operating the mobile investment platforms 'Futubull' and 'moomoo.' The company conducts business in Hong Kong as well as Singapore, Malaysia, Japan, the United States, Australia, and New Zealand. As of last year, it had approximately 3.37 million valid accounts, around 246 trillion won in client assets, and an annual trading volume of about 3,000 trillion won.
With the commencement of this partnership, Hana Securities can now offer the foreign integrated account service for the first time through a mobile investment platform. Hana Securities began a pilot program for pre-registered customers in June, and expanded the service to all customers starting on July 24.
Previously, in October last year, Hana Securities was the first in the industry to introduce the foreign integrated account service in collaboration with Hong Kong's Emperor Securities. In April of this year, the service was expanded to Japan's Capital Partners Securities, and with this latest partnership with Futu Securities, Hana Securities has now significantly broadened its Asian investor network.
Going forward, Hana Securities plans to open the foreign integrated account service with Hong Kong's Citic Securities and US-based Wedbush Securities as well. Through these efforts, the company aims to expand accessibility to Korea's capital market not only for Asian investors, but also for those in the United States—further strengthening its global investor network.
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Tae-hyung Heo, Head of Global Sales at Hana Securities, stated, "The launch of this service allows millions of Futu Securities customers to access the Korean capital market more conveniently," adding, "We will continue to introduce innovative services and lead the advancement of the capital market."
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