Search results for SOR
Finance
Goldman Sachs, CLSA join Nextrade as foreign brokers expand participation
Goldman Sachs Securities and CLSA Korea Securities will join alternative trading system Nextrade, the operator said on Aug. 31. Nextrade approved membership for Goldman Sachs Securities Co’s Seoul branch and CLSA Korea Securities on Aug. 28. The two firms plan to complete procedures, including building a smart order routing system, within this year before starting trading. Nextrade’s member brokerages increased to 38.
Fintech
Morgan Stanley, Merrill Lynch join Nextrade as members
Morgan Stanley Securities and Merrill Lynch Securities have joined alternative trading venue Nextrade as members, Nextrade said. Nextrade approved membership for the firms\' Seoul branches on July 1. Morgan Stanley plans to complete its smart order routing system by November, while Merrill Lynch aims to finish system development this year and pursue participation across all markets after testing. Nextrade’s member brokerages have risen to 36.
Finance
Macquarie Securities becomes first foreign broker to join NEXTRADE
Macquarie Securities will join NEXTRADE as its first foreign securities firm member. NEXTRADE said on Tuesday it approved Macquarie Securities\' membership, bringing the total number of member brokers to 34. Macquarie Securities plans to participate first in NEXTRADE\'s pre-market and after-market in the third quarter, then complete preparations for smart order routing by the fourth quarter to join the main market.
