Shinhan Investment Corp. Acquires Stake in 24X, a U.S. Regular Exchange
Expanding Global Network in U.S. Equities
Pursuing Development of AI-Powered Investment Information Services
Shinhan Investment Corp. has acquired a stake in 24X US Holdings, a regular U.S. exchange. With this move, the company aims to strengthen its ability to respond to changes in regulations related to foreign investors, such as integrated foreign accounts, and to expand its global U.S. equities business base.
On May 21, Shinhan Investment Corp. announced that it is in the final stages of completing its strategic investment process, including a stake acquisition, which it has been pursuing since signing a memorandum of understanding (MOU) with 24X in October last year. 24X is a regular U.S. exchange that was the first to receive approval from the U.S. Securities and Exchange Commission (SEC) for 23-hour stock trading. Since it launched trading in October last year, both its trading volume and value have risen rapidly, establishing itself as a new trading infrastructure for the U.S. stock market.
With this stake acquisition, Shinhan Investment Corp. plans to develop new services and content utilizing 24X’s proprietary market data. The company is considering offering investor analysis content based on trading data such as deep order book data and liquidity flows, as well as investment information services powered by artificial intelligence (AI).
In addition, by leveraging 24X, Shinhan Investment Corp. aims to expand its network with global market makers, institutional investors, and fintech companies active in the U.S. stock market. The company plans to enhance its competitiveness in overseas stock order execution and seek business collaboration opportunities.
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Shinhan Investment Corp. stated, "Our strategic partnership with 24X goes beyond a simple investment—it is aimed at strengthening our network and infrastructure competitiveness in the U.S. stock market. We will strive to provide differentiated overseas stock services and investment experiences to our clients in line with changes in the global investment environment."
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