"First 24-Hour Forex Trading in Financial Sector"…Hana Bank Partners with Toss Securities

Prospects for Overseas Stock Trading with Real-Time Exchange Rates

Namgungwon, Executive Vice President of Hana Bank's Management Planning Group (right), signed a strategic business agreement for 24-hour FX trading with Oh Changhoon, CEO of Toss Securities, at the Hana Bank headquarters in Euljiro, Jung-gu, Seoul, on the afternoon of the 15th, and they are posing for a commemorative photo. (Provided by Hana Bank)

[Asia Economy Reporter Minwoo Lee] Hana Bank has partnered with Toss Securities to establish a system that enables 24-hour foreign exchange trading.

On the 16th, Hana Bank announced that it signed a 'Strategic Business Agreement (MOU) for 24-hour FX Trading' with Toss Securities at Hana Bank's headquarters in Euljiro, Jung-gu, Seoul the previous day.

Accordingly, both companies agreed to mutually cooperate in various areas including ▲providing 24-hour exchange rates and trading services through application programming interfaces (API) ▲building a stable system to enhance the growth and efficiency of the foreign exchange (FX) market ▲offering favorable investment opportunities through 24-hour exchange rate services.

In particular, Hana Bank will provide Toss Securities with 24-hour FX trading services and real-time offshore market exchange rates not only during the Seoul foreign exchange market hours from 9:00 AM to 3:30 PM but also during the late-night overseas stock trading hours after the bank's exchange rate posting ends. As a result, overseas stock investors who previously traded at exchange rates differing from the existing market prices will now be able to receive real-time exchange rate information.

Going forward, Hana Bank plans to lead the non-face-to-face FX electronic platform market by expanding 24-hour FX trading. Namgungwon, Vice President of Hana Bank's Management Planning Group, stated, "Through continuous cooperation with various financial companies such as Toss Securities, we will bring new momentum to the foreign exchange market and strive to provide innovative financial services in various fields as a leading foreign exchange bank in the future."