GREENWICH - Interactive Brokers (NASDAQ:IBKR) Group, Inc. (NASDAQ:IBKR), a global electronic brokerage firm, has expanded its services to include extended trading hours for Korean KOSPI 200 derivatives, accommodating investors across Korean, US, and European time zones.
With this new feature, clients can trade a range of products, including KOSPI 200 Options and Futures, Mini-KOSPI 200 Futures, and USD/KRW currency futures during US and European market hours.
The products offered through the Eurex/KRX Link are fully fungible with their counterparts on the Korea Exchange (KRX), which enhances risk management and investment strategy options for traders.
This development follows recent regulatory changes that have streamlined the process for foreign investments in South Korean equities, potentially increasing South Korea's appeal to international investors and its classification to a developed market.
Milan Galik, CEO of Interactive Brokers, emphasized the company's commitment to providing global investment opportunities, stating that the access to the Eurex/KRX link allows clients to trade in one of the most liquid derivatives markets at their convenience.
Interactive Brokers, known for its advanced technology and competitive pricing, offers a comprehensive platform where clients can trade various financial instruments, including stocks, options, futures, currencies, bonds, and funds. The platform supports multi-currency funding and trading, which now includes the Korean Won.
The extension of trading hours for Korean derivatives is part of Interactive Brokers' ongoing efforts to enhance its offerings and cater to a diverse global client base. This move is expected to attract more international investors seeking direct access to South Korean equities and derivatives markets.
Interactive Brokers has a long-standing reputation for innovation in the brokerage industry, providing automated trade execution and custody of a wide range of securities and commodities to individual and institutional investors worldwide. The information about the Eurex/KRX Link and extended trading hours is based on a press release statement from Interactive Brokers.
InvestingPro Insights
Interactive Brokers Group, Inc. (NASDAQ:IBKR) has not only been expanding its global reach but also showing robust financial performance. The brokerage firm is trading at a P/E ratio of 21.37, which is relatively low compared to its near-term earnings growth. This suggests that the company's stock might be undervalued given its earnings potential, an important consideration for investors looking for growth at a reasonable price.
Investors interested in dividend consistency might find Interactive Brokers particularly appealing, as the company has maintained dividend payments for 15 consecutive years. This track record of returning value to shareholders is a testament to the firm's financial stability and commitment to its investors. Moreover, the company's revenue has grown by a striking 28.41% over the last twelve months as of Q1 2023, indicating a strong ability to increase its earnings.
With a high return over the last year, as well as a significant price uptick over the last six months, Interactive Brokers has demonstrated its capacity to reward its shareholders. The stock is also trading near its 52-week high, reflecting investor confidence and market momentum. For more tailored investment strategies and insights, there are additional InvestingPro Tips available for Interactive Brokers on the InvestingPro platform. Use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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