Yuanta Securities, a number one brokerage agency in Taiwan, rang Nasdaq’s closing bell on June 22 to have a good time turning into the primary Taiwan dealer to supply Nasdaq’s real-time market information to all of its native purchasers. This collaboration provides buyers in Asia better entry to U.S. equities, and builds upon the years-long partnership between Yuanta Securities and Nasdaq.
Yuanta Securities, which is an entirely owned subsidiary of Yuanta Monetary Holdings, is the biggest brokerage in Taiwan. And beginning this month, Yuanta Securities introduced that it might supply Nasdaq Fundamental to not solely its native purchasers in Taiwan, but in addition to purchasers in Hong Kong and South Korea. Prior to now, real-time information was solely supplied to chose purchasers, whereas delayed information was given to the remaining.
This comes as Taiwan noticed the variety of buying and selling accounts opened by brokerage companies surge by practically 30%, whereas transaction quantity elevated by greater than 50% in 2020. U.S. shares, ETFs and bonds accounted for round 70% of the general buying and selling quantity, highlighting buyers’ ballooning curiosity within the U.S. market.
Yuanta Securities and Nasdaq’s partnership spans again to 2018 when Yuanta Securities began providing U.S. real-time information. The next 12 months, Yuanta Securities grew to become the primary Taiwanese dealer that was hosted on the Nasdaq Tower, and in 2020 through the pandemic, Yuanta Securities introduced its dedication to affix palms with authorities to assist “flatten the curve” on the Nasdaq Tower.
“As a pioneer available in the market, Yuanta, being the very 1st dealer in Taiwan, presents real-time information U.S. securities buying and selling service for all of their retail and institutional buyers, empowering them with transparency and accessibility to the U.S. equities market,” stated Oliver Albers, senior vp and world head of Information at Nasdaq. “Congratulations once more to Yuanta Securities, who has been the market chief in Taiwan for many years. Nasdaq seems ahead to supporting you in your continued success.”
“Working with Nasdaq – one of many main U.S. exchanges – creates sturdy synergy and visibility for Yuanta Securities among the many Taiwanese funding group,” Yuanta Securities stated on its partnership with Nasdaq in 2019. “It helps Yuanta Securities to have richest supply of information and in addition be capable of bundle with worldwide connection.”
Watch Yuanta Securities’ Common Supervisor Bobby Hwang’s interview with Nasdaq’s Jill Malandrino on TradeTalks the place they talk about why the Taiwan’s inventory market index (TAIEX) has been one of many high performing indexes globally through the pandemic and Yuanta Securities’ plans to pursue abroad growth alternatives.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.