Hi Investment & Securities Opens US ETF Day Trading CFD Service
Principles for Same-Day New Trades and Liquidations Using 2.5x Leverage
Hi Investment & Securities announced on the 13th that it has launched the 'US Listed Exchange-Traded Fund (ETF) Day Trading Contract for Difference (CFD) Service' to expand investment services for US stocks.
This service allows day trading of US ETFs through a US stock CFD account, utilizing 2.5 times leverage to enable same-day trading and settlement.
Trading is available until one hour before the market closes on the regular US stock market, with the principle of new ETF purchases and full liquidation on the same day. In other words, if an ETF is purchased, all held ETFs must be sold within the trading hours, and if there is any remaining quantity by the end of trading, it will be forcibly liquidated at the market price. The margin rate is uniformly applied at 40%, and trading currency is limited to US dollars only.
Investors holding a US stock CFD account with Hi Investment & Securities can use the ETF day trading service by applying through the Mobile Trading System (MTS) and Home Trading System (HTS). The US stock CFD account can be opened by customers registered as professional investors meeting over-the-counter derivative requirements.
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A representative from Hi Investment & Securities stated, "This service is an attractive investment tool that allows trading ETFs using leverage without separate financial interest," adding, "We will continue to strive to build various CFD trading environments and provide competitive services."
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