Taiwanese broker Sinopac taps Interactive Brokers for US stocks, ETFs and algorithmic trading

Rick Steves

Interactive Brokers’ Prime Broker services helps IBs manage their businesses with efficiency and serve their clients at lower operational, brokerage, and clearing costs while gaining electronic market access worldwide with the company’s professional, white-branded trading technology.

Taiwan-based Sinopac Securities has selected Interactive Brokers as its primary international broker in order to allow its institutional and retail clients to trade US stocks, ETFs, and Fixed Income instruments while also accessing over 90 stock markets worldwide through IBKR.

Sinopac Securities is a subsidiary of the Sinopac banking holding company which operates through 22 divisions as well as 125 branches in Taiwan and 3 international branches in Shanghai, Guangzhou, and Chengdu.

Sinopac will be only broker offering algorithmic trading in Taiwan

Taiwanese investors will benefit from Interactive Brokers’ trading platforms and offering, including the ability to trade fractional shares of eligible US and European stocks as well as ETFs.

Interactive Brokers can accommodate over 100 order types, including algorithmic trading, which is currently unavailable through other brokers in Taiwan.

Clients can trade select US ETFs 23½ hours a day, five days a week through Overnight Trading Hours on the IBKR Eos ATS, also known as IBEOS.

Overnight Trading Hours means that investors across Asia can access US Equity Markets during their trading day and respond to market-moving news at almost any time.

The collaboration with Sinopac also enables clients of Interactive Brokers to trade Taiwanese stocks through Sinopac Securities.

IBKR expands footprint in APAC region with Prime Broker services

The partnership also strengthens Interactive Brokers’ footprint in the APAC region and adds Taiwan to the over 200 countries and territories worldwide where the company services clients.

Milan Galik, Chief Executive Officer of Interactive Brokers, said: “We are pleased to work with Sinopac and bring Interactive Brokers’ global trading capabilities and expertise to Taiwan. We recognize the advantage of working with a leading broker with local experience and look forward to serving the needs of this important market and its investors.”

Interactive Brokers’ Prime Broker services helps IBs manage their businesses with efficiency and serve their clients at lower operational, brokerage, and clearing costs while gaining electronic market access worldwide with the company’s professional, white-branded trading technology.

Interactive Brokers’ turnkey solution covers trading, clearing, reporting, and billing and provides the following advantages:

  • Support for global regulatory reporting
  • Account funding and trading in up to 26 currencies
  • Access to stocks, options, futures, currencies, bonds, and funds in over 150 markets from a single unified platform
  • No ticket charges, no minimums, and no technology, software, platform, or reporting fees
  • Free client relationship management tools
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