Hana Securities said on the 27th that it has begun full-scale foreign investor omnibus account transaction with Hong Kong-based global financial platform Futu securities (FUTU).
A foreign investor omnibus account is a system that allows nonresident foreign investors to order and settle domestic stocks through a local securities firm without opening a separate account in Korea.
Futu securities is a Hong Kong-based global securities firm that operates the mobile investing platforms "futubull" and "moomoo." It does business in Hong Kong, Singapore, Malaysia, Japan, the United States, Australia, and New Zealand. As of last year, it had about 3.37 million effective accounts, customer asset of about 246 trillion won, and an annual transaction amount of about 3,000 trillion won.
Hana Securities conducted a pilot program in June for customers who applied in advance and expanded the foreign investor omnibus account service to all customers on the 24th. In May, it prepared to introduce the service by holding an investment forum for Futu securities VIP customers.
Going forward, Hana Securities plans to push to open foreign investor omnibus account services with Hong Kong Citic securities and U.S. Wedbush securities. Through this, it plans to expand access to Korea's capital market beyond Asia to U.S. investors and further strengthen its global investor network.
Heo Tae-hyeong, head of Hana Securities' global sales division, said, "With the launch of this service, the millions of Futu securities customers can access the domestic capital market more conveniently," and added, "We will continue to introduce innovative services and take the lead in advancing the capital market."