Daishin Securities signed a cross-border business MOU with Alpaca, a US broker-dealer with self-clearing qualification, on the 1st and announced the partnership on the 6th. The collaboration aims to lower barriers for foreign investors accessing Korean stocks and expand services for domestic investors trading US stocks through integrated foreign accounts. This move aligns with a growing trend among Korean brokerages partnering with global firms to enhance market accessibility and strengthen capital market competitiveness.
Daishin Securities and Alpaca Launch Integrated Foreign Account Services
Under the MOU, the two firms plan to offer Korean stock brokerage services using integrated foreign accounts. Global brokers and overseas investors affiliated with Alpaca will access the Korean stock market without complex procedures. The partnership also includes US stock brokerage support for domestic institutional and individual investors, with plans to pursue additional financial service collaborations. Both companies stated they will continue expanding cooperation in new market entry and investment product development.
Alpaca Supports Over 10 Million Brokerage Accounts Globally
Alpaca is a US brokerage infrastructure API specialist providing trading services across stocks, ETFs, options, bonds, and crypto assets. The company operates a developer-friendly API platform serving hundreds of clients including global banks, fintech firms, and investment platforms. Alpaca currently supports over 10 million brokerage accounts worldwide.
Executives Outline Partnership Goals and Market Impact
Yoshi Yokokawa, CEO of Alpaca, stated: "We are pleased to expand brokerage services connecting Korea and the United States through collaboration with Daishin Securities. By combining Daishin Securities' expertise in the Korean market with Alpaca's global infrastructure, we will enhance market accessibility for investors worldwide." Jung Yeon-woo, Head of Wholesale Division at Daishin Securities, emphasized: "This collaboration is expected to provide domestic investors with more diverse overseas investment opportunities and significantly improve Korean stock market accessibility for foreign investors. We will continue expanding cooperation with global financial institutions to contribute to strengthening the competitiveness of the domestic capital market."
Samsung Securities Partnered with Interactive Brokers in May
Daishin Securities' initiative follows recent territorial expansion competition among Korean brokerages partnering with major global brokers. Samsung Securities previously launched an integrated foreign account service in partnership with Interactive Brokers (IBKR), a global online brokerage, in May.
FAQ
What is the purpose of the Daishin Securities and Alpaca partnership?
The partnership aims to facilitate cross-border investment by enabling foreign investors to access Korean stocks through integrated foreign accounts and providing Korean investors with expanded US stock trading services.
How many brokerage accounts does Alpaca currently support?
Alpaca currently supports over 10 million brokerage accounts globally through its API-based infrastructure serving banks, fintech firms, and investment platforms.
Which other Korean brokerage launched a similar service recently?
Samsung Securities partnered with Interactive Brokers (IBKR) in May to offer an integrated foreign account service for cross-border stock trading.
