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Interactive Brokers (Nasdaq: IBKR) has launched access to select Korean equities through Nextrade, South Korea's first Alternative Trading System (ATS), building on its existing presence on the Korea Exchange (KRX).
The addition follows Interactive Brokers' earlier launch of the Korea Exchange, through which it became the first major US-based broker to provide global investors with direct access to Korean equities.
Clients trading on Nextrade will benefit from extended trading hours and access to additional liquidity. Interactive Brokers has enabled IB SmartRouting℠ across both the Korea Exchange and Nextrade, automatically routing orders to the venue offering the best price, with the aim of helping clients achieve best execution while providing greater flexibility to participate in the market.
David Friedland, Managing Director for Asia Pacific, Interactive Brokers said:
"Korea is home to some of the world's most innovative companies, and its equity market has become increasingly central to global investment strategies. By adding Nextrade alongside the Korea Exchange, we're giving clients greater flexibility and more ways to capture opportunities in one of Asia's most compelling markets, while further demonstrating our commitment to providing broad, cost-efficient market access worldwide."
Korea's equity market ranks among the top global exchanges by market capitalisation and is home to companies including Samsung Electronics, SK Hynix, and Hyundai Motor. From a single platform, Interactive Brokers clients can manage diversified global portfolios, trading stocks, options, futures, currencies, bonds, and funds across more than 170 markets worldwide, now including Korean equities through both the Korea Exchange and Nextrade.
Nextrade offers access to approximately 650 securities from the KOSPI and KOSDAQ markets, along with competitive fees and a 12-hour trading window running from 8:00 AM to 8:00 PM KST across three sessions.
The three sessions on Nextrade are structured as Pre-Market (8:00-8:50 AM), Standard (9:00 AM-3:20 PM), and After-Market (3:30-8:00 PM).
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