Shinhan Investment Corp. Forms Strategic Partnership with U.S. Regular Exchange 24X

Shinhan Investment Corp. announced on the 30th that it has signed a business agreement with 24X US Holdings, a regular U.S. stock exchange, to promote business related to U.S. stocks, and that it also plans to pursue a strategic equity investment.

This business agreement and planned investment aim to reflect customer needs related to U.S. stocks and expand Shinhan Investment Corp.'s network in the U.S. stock market. Established in 2019, 24X became the first regular U.S. stock exchange to receive approval from the U.S. Securities and Exchange Commission (SEC) for 23-hour stock trading on November 27, 2024. In May, it also attracted investment from Rakuten Securities, a Japanese online brokerage firm.

Currently, 24X provides stock trading services for a total of 16 hours (pre-market, regular, and after-hours) from 4 a.m. to 8 p.m. local U.S. time. The company plans to launch 23-hour stock trading next year. Once 24X offers 23-hour trading services for U.S. stocks, Korean investors will be able to trade U.S. stocks during daytime hours not only through alternative exchanges but also through a regular exchange like 24X.

A representative from Shinhan Investment Corp. stated, "We will utilize 24X as a hub for securing networks in advanced global financial markets, and by providing more stable U.S. stock trading services, we aim to ensure customer convenience and trust."

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