Samsung's Second Innovation in US Stocks... First Domestic Launch of '10-Quote Service'

First Domestic Service Offering 5 Bid and 5 Ask Quotes Each, Total 10 Quotes, for Weekly Trading of US Stocks

[Asia Economy Reporter Lee Seon-ae] Samsung Securities announced on the 27th that starting from the 29th, it will be the first in Korea to offer a service presenting a total of 10 quotes, with 5 bids and 5 asks each, during U.S. stock daytime trading. Currently, all domestic securities firms provide only 2 quotes, one bid and one ask each, for U.S. stock trading. Samsung Securities is pioneering the introduction of a 10-quote service during daytime trading hours (10:00 ~ 16:30, daylight saving time applied). This 10-quote service allows investors to check the bid and ask volumes for 5 levels each, which is expected to greatly assist investors seeking large-scale transactions and optimal trading timing.

In fact, a survey conducted from the 14th to 15th among 1,613 customers who experienced U.S. stock daytime trading showed that "quote information" was ranked first as the area needing improvement during daytime trading, indicating that customer satisfaction is expected to increase further. With the addition of the 10-quote service to the world's first U.S. stock daytime trading service, Samsung Securities is expected to solidify its image as the undisputed leader in U.S. stock services.

The "U.S. stock daytime trading service," which began on February 7th, has surpassed a cumulative trading volume of 1 trillion won within 55 business days (as of April 26th), maintaining rapid growth. Notably, since trading is possible while receiving PB (Private Banking) consultation, half of the daytime trades occur after consultation with PBs. This is about twice the level compared to last year, when only about 25% of U.S. stock trades were conducted through PBs.

Sa Jae-hoon, Vice President and Head of Channel Sales Division at Samsung Securities, explained, "Global financial institution clients will also join the daytime trading market pioneered by our company, so we expect both the convenience of trading for our customers and stock liquidity to improve dramatically." Samsung Securities has formed an exclusive partnership with Blue Ocean to pioneer the daytime trading market, and two additional global financial institutions are expected to enter through partnerships in the first half of the year.

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