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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] SEOUL, May 21 — Shinhan Securities said it is strengthening its U.S. equity business by acquiring a stake in 24X US Holdings, a regulated U.S. exchange operator.
The investment follows a strategic partnership established in October last year, with Shinhan Securities securing an estimated 7% stake in 24X as part of efforts to expand its global equities platform and respond to evolving regulations affecting foreign investors.
24X US Holdings has received approval from the US Securities and Exchange Commission to operate near շուրջ-the-clock trading, offering up to 23 hours of daily stock trading. Since launching in October, trading volume has grown rapidly, positioning the platform as an emerging infrastructure in the U.S. equity market.
Shinhan Securities plans to leverage 24X’s proprietary market data to develop new services, including AI-based investment insights and analytics based on order book depth and liquidity trends. The firm also aims to expand its network with global market participants such as market makers, institutional investors, and fintech companies to enhance execution competitiveness and identify new business opportunities.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
