KB Securities brings leveraged FAANG product to Korean customer base

Rick Steves

This new ETN will allow Korean market participants to access key ‘FAANG’ stocks, such as Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet), through a single instrument.

KB Securities has selected Intercontinental Exchange’s NYSE FANG+® Daily 2x Leveraged Index (Interest Rate Adjusted Total Return) for its KB Leverage FANG Plus ETN(H) product.

The index delivers a daily return that is approximately twice that of the NYSE FANG+ Index (Total Return) with the application of an overnight interest rate to account for the leverage.

The NYSE FANG+ Index (TR) is an equal-dollar weighted index with the objective of tracking the performance of highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors.

Bringing FAANG exposure to Korea

Magnus Cattan, Head of ICE Fixed Income & Data Services, Asia Pacific, said: “This new ETN will allow Korean market participants to access key ‘FAANG’ stocks, such as Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet), through a single instrument. We are pleased to have worked with one of Korea’s largest investment banks to launch the first ETN that tracks an ICE index in the country.”

Ho Young Kim, Head of Equity Trading at KB Securities, commented: “The KB Leverage FANG Plus ETN(H) will provide our investors access to some of the most recognizable companies in the world. We believe that this product offers Korean market participants a unique tool to capture the performance of U.S. listed technology and tech-enabled companies.”

KB Securities is a subsidiary of Korean investment banking giant KB Financial Group that provides investment products tailored to its local clients’ demands across various asset classes.

KB provides asset management services to retail customers as well as financing advisory and investment services to corporate customers. The KB Leverage FANG Plus ETN(H) began trading on April 19, 2022.

A recent webinar hosted by TraderEvolution explored the importance of FX and CFD brokers going truly multi asset by adopting exchange-traded products to their offering in an increasingly competitive industry.

The unique panel featured Roman Nalivayko from TraderEvolution Global, Richard Barden from CBOE, and Anthony Mulira from ICE Data Services.

Investors, either retail or professional or institutional, are getting more demanding as new products and asset classes come to the fore. With the rise of digital assets, zero commission trading, social trading, and fractional shares, the trading industry has developed new solutions to address the new trends.

Many FX and CFD brokers have already taken action in terms of adopting new products and features in order to retain their existing customer bases and attract new investors and traders.

Read this next

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Executive Moves

Parameta appoints Head of Benchmark and Indices with a focus on ESG and rates

The firm said building out its benchmarks & indices offering will now be a core priority, with a particular focus on the ESG and rates space.

Digital Assets

WunderTrading brings automated crypto trading to United States

“Among developed countries, Americans are the heaviest users of cryptocurrencies, with 13% having invested in cryptocurrencies over the past year.”

<