Interactive Brokers Announces Collaboration with Daol Investment & Securities | LeapRate
Late Monday evening, Interactive Brokers announced a strategic collaboration with Daol Investment & Securities with the aim of providing eligible Korean investors with cost-effective access to global equities through Daol’s platform, supported by IBKR’s trading infrastructure.
The broker believes the collaboration highlights its strength as a provider of brokerage technology and white-label solutions for introducing brokers worldwide. By using IBKR’s trading infrastructure, Daol is expected to offer clients an enhanced investing experience.
“We are pleased to work with Daol to help expand access to global equities for Korean investors,” said David Friedland, managing director for APAC at Interactive Brokers. “Our powerful technology, competitive pricing and broad global market access can help institutions worldwide optimize business operations and better serve their clients.”
BC Lee, chairman of Daol Investment & Securities, said the initiative was intended to provide Korean investors with a new investment experience directly connected to global securities infrastructure.
“Through a comprehensive collaboration that includes expanding accessible markets, derivatives, and direct investment services in the Korean market for overseas investors, we plan to develop this into a long-term, two-way global investment platform,” he added.
Interactive Brokers said its brokerage services for introducing brokers include trading technology and tools to trade products on more than 170 markets, real-time market risk management and monitoring, and competitive pricing with no ticket charges or minimums and no technology, software, platform or reporting fees.
The arrangement adds to IBKR’s network of introducing broker relationships, through which partner firms draw on its infrastructure to broaden the range of markets available to their clients.
