FX news: Advanced Markets increases penetration into Korea
Institutional and retail platform Advanced Markets is set to launch its FX DMA (Direct Market Access) trading services to all clients of Hana Daetoo Securities, a leading South Korean securities broker and investment trust.
Jongchan Kim, general manager, futures & derivatives, at Hana Daetoo, says: “After evaluating our price provider options, Advanced Markets proved themselves to be the consensus best price provider in Korea. This made Advanced Markets the obvious choice. Hana Daetoo expects to be the leader in Korea for margin FX and now has all the resources to achieve this goal.”
In recent months Advanced Markets has launched FX margin trading services with brokers and financial institutions in Japan and Hong Kong. Last year the company launched its FX DMA services with another leading Korean securities firm, Shinhan Investment Corporation.