NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to attract foreign investors to revive the ailing derivatives market in Asia’s fourth-largest economy.NT Korea Co., NinjaTrader’s first subsidiary in Asia, is working on preliminary processes to gain approval from financial authorities for its futures brokerage business in South Korea.“This initiative aims to provide domestic investors with advanced systems for profit protection and risk management while integrating NinjaTrader’s global standards in management and ICT innovation to enhance market sophistication and competition,” said NT Korea President Yee Chung.“NT Korea seeks to enable Korean investors to explore advanced overseas derivatives strategies and offer international investors access to the South Korean market.”Chung seen as a pioneer in the South Korean derivatives market, worked as the derivatives sales head at Samsung Futures Inc.and Deutsche Securities Korea Co.
NT Korea plans to actively attract NinjaTrader’s global investors to the domestic market once it receives regulatory approval for its business in line with the KRX’s plan to launch its own night trading platform for exchange-traded derivatives in the first half of 2025 in a move to prop up the local market.“NinjaTrader Group has a user base of more than 2 million members with the number of new customers increasing 30% every year,” said Chung.”If we can attract those overseas investors to Korea, the liquidity of the local derivatives market will improve significantly.”That could boost the overall values of South Korea’s assets, he added.NO.1 FUTURES BROKER ON CMENinjaTrader is the Leading futures broker on the world’s derivatives marketplace Chicago Mercantile Exchange (CME) by trading volume of retail investors.
NT Korea seeks to enable Korean investors to access advanced overseas derivatives strategies while providing international investors with opportunities to engage in the South Korean market.
The story "NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments" has 717 words across 30 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 11 news stories per day.
It's most recent story was published 6 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.