Korea’s KB Securities taps STT’s trading platform and Blue Ocean for access to US markets

Rick Steves

“Our OMS solution provides international firms like KBFG with the infrastructure to trade in the U.S. markets. The advanced order queuing in our OMS enables traders to place and receive orders any time, catering to international orders outside of U.S. trading hours.”

Sterling Trading Tech (STT) has taken KBFG Securities America Inc. as a client. The trading technology provider will offer its order management system (OMS) to KBFG, enhancing their infrastructure for trading in the U.S. markets.

KBFG is the US subsidiary of KB Securities, one of the biggest Investment Bank in Korea, with over $4 billion capital, $100 billion investor assets, and catering to 3.8 million investors.

STT is well integrated with Blue Ocean’s system

STT (Sterling Trading Tech) demonstrates exceptional proficiency and seamless integration with Blue Ocean’s system, ensuring efficient operation for overnight trading in U.S. markets. This well-oiled collaboration highlights STT’s capability in providing uninterrupted and effective trading solutions during the extended hours of the U.S. equity markets.

STT’s OMS is designed to cater to international firms, allowing them to engage in U.S. market trading efficiently. A significant feature of this system is its advanced order queuing, which facilitates the placement of orders at any time and ensures the real-time receipt of international orders outside U.S. trading hours.

This partnership highlights STT’s role as a dependable technology ally for clients seeking a robust OMS to optimize their operations and enhance efficiency. KBFG Securities America Inc. will utilize STT’s high-performance OMS to provide its clients with access to U.S. equities and Blue Ocean ATS trading.

The OMS from STT boasts real-time balances and positions, advanced margin methodologies, customizable risk controls, and comprehensive reporting features, all contributing to a smooth trading experience for its international users. A pivotal element for KBFG is the inclusion of Blue Ocean ATS and the 24 x 5 trading model, aligning with KBFG’s 2024 vision to offer their clients extended trading opportunities in U.S. Equities.

Eric Lee, President of KBFG Securities America Inc., shared, “A key strategic objective for 2024 was to enable our international clients to trade U.S. Equities 24 x 5 through our existing banking platform. Sterling’s API infrastructure and Order Management System allowed for seamless integration, accelerating our time to market.”

Andrew Actman, Managing Director of Business Development at Sterling Trading Tech, underscored the partnership’s importance, noting, “Our OMS solution provides international firms like KBFG with the infrastructure to trade in the U.S. markets. The advanced order queuing in our OMS enables traders to place and receive orders any time, catering to international orders outside of U.S. trading hours.”

Serving over 100 clients, including brokers, clearing firms, and prop groups across more than 20 countries, STT tailors its solutions to meet client needs.

Read this next

Market News

Rivian Stock Moves Higher Amid Mounting Anticipation for Q1 Report

The anticipation surrounding Rivian Automotive’s first-quarter earnings report has sent its stock on a rollercoaster ride of volatility.

Institutional FX

Amwal deploys Broadridge’s investment management platform

“We are delighted to provide Amwal Capital Partners with the technology they need to drive new efficiencies and automate their key processes, allowing them to make better-informed investment decisions and effectively manage their overall risk.”

Executive Moves

DHF Capital hires Erik Boekel as Chief Commercial Officer

Erik Boekel has an extensive professional background encompassing regional responsibilities across Africa, the Middle East, and Europe.

Industry News

ASIC warns of cold callers advising investors into high-risk investments

ASIC identified cold-calling operators luring consumers into receiving inappropriate superannuation switching advice.

Fintech

Danske Bank invests in United Fintech

“We are delighted that Danske Bank has decided to invest and join United Fintech’s industry-neutral Digital Transformation Platform.”

blockdag

BlockDAG’s Updated Roadmap Gains Investors’ Confidence, Eyeing $20 by 2027, Amid Dogecoin Price Prediction and Avalanche Fluctuations

Explore how BlockDAG outpaces Dogecoin and Avalanche with a clear roadmap and strong investor interest, setting a trajectory for significant growth by 2027.

Digital Assets

SEC postpones decision on Invesco Galaxy Ethereum ETF until July 2024

The U.S. Securities and Exchange Commission (SEC) has announced a further delay in its decision regarding the Invesco Galaxy Ethereum exchange-traded fund (ETF).

Fintech

Robinhood receives SEC enforcement notice over crypto trading

Robinhood Markets announced on Monday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC), hinting at a potential enforcement action concerning its cryptocurrency trading activities.

Retail FX

SEC charges Ahmed Alomari and MCM Consulting with fraud

The Securities and Exchange Commission (SEC) has charged Rhode Island resident Ahmed Alomari and his entity, MCM Consulting, with securities fraud and other violations related to the promotion of at least five microcap stock issuers.

<