Interactive Brokers partners with Daol to serve Korean investors

Interactive Brokers Group (NASDAQ: IBKR) announced a collaboration with Daol Investment & Securities to provide eligible Korean investors with access to global equities through Daol's platform, backed by Interactive Brokers' trading infrastructure.

Under the arrangement, Daol will use Interactive Brokers' white-label brokerage technology to offer clients trading access across more than 170 markets. The services include real-time risk management tools and pricing with no ticket charges, technology fees, or platform fees.

"We are pleased to work with Daol to help expand access to global equities for Korean investors," said David Friedland, Managing Director for APAC at Interactive Brokers. "Our powerful technology, competitive pricing and broad global market access can help institutions worldwide optimize business operations and better serve their clients."

BC Lee, Chairman of Daol Investment & Securities, said the collaboration is intended to connect Korean investors to a global securities infrastructure. "Through a comprehensive collaboration that includes expanding accessible markets, derivatives, and direct investment services in the Korean market for overseas investors, we plan to develop this into a long-term, two-way global investment platform," he said.

The announcement was made according to a press release issued by Interactive Brokers, which is headquartered in Greenwich, Connecticut, and is a member of the S&P 500.

You May Also Be Interested In

• Paramount+ Plaza debuts at T-Mobile Arena in Las Vegas partnership
• Offerpad adds data veteran Benjamin Graboske to its board
• Tenable to integrate Anthropic's Claude into its security platform