Toss Securities to Launch Korea's First 'Real-Time' Overseas Fractional Trading Next Month

[Asia Economy Reporter Myunghwan Lee] Starting next month, Toss Securities will allow real-time trading of overseas blue-chip stocks from as little as 1,000 KRW.

On the 17th, Toss Securities announced that it will launch the first real-time fractional overseas trading service among domestic securities firms in April.

The overseas fractional trading service allows investment amounts starting from 1,000 KRW to be entered and purchased for over 2,700 U.S. stocks, exchange-traded funds (ETFs), and exchange-traded notes (ETNs) provided by Toss Securities. This enables small-scale diversified investments in high-priced stocks such as Amazon and Google (Alphabet), expanding investment accessibility for investors in their 20s and 30s and customers who had hesitated to invest overseas.

Toss Securities’ overseas fractional trading service executes orders immediately at the price at the time of the customer's order. This is the first method introduced by a domestic securities firm, allowing investors to buy and sell fractional shares in real time just as they would trade whole shares. However, fractional orders can only be made as market orders and limit orders are not allowed.

Fractional trading is a service that allows buying and selling of less than one share in fractional units. Previously, overseas fractional trading was conducted by securities firms collecting customers’ fractional orders periodically and converting them into whole shares (one share) for trading. Therefore, investors could not predict the actual number of shares and prices that would be executed at the time of order and experienced inconvenience in quickly responding to rapidly changing market conditions.

A Toss Securities official said, "We have resolved the structural problems and customer inconveniences of existing overseas fractional trading and are able to offer investors the fastest fractional trading service." He added, "We hope that more investors will easily experience U.S. blue-chip stocks through overseas fractional investment and that overseas investment will become more popular."

This content was produced with the assistance of AI translation services.