An alternative trading system is a regulated non-exchange venue that matches buyers and sellers of stocks and other securities outside of traditional public exchanges. Think of it as a different kind of marketplace — like a specialized farmers’ market next to a supermarket — that can offer different pricing, speed, or anonymity; investors care because these venues can affect how easily trades get done, the prices received, and how visible trading activity is.
atsfinancial
An ATS (Alternative Trading System) is a private electronic platform that matches buyers and sellers of stocks or other securities outside the main public exchanges. Think of it as a private marketplace that can offer faster trades, lower costs or more privacy than the big exchanges; for investors this can affect how quickly trades fill, the price achieved and where trading volume is routed, which in turn influences liquidity and execution quality.
ib smartrouting℠technical
ib smartrouting℠ is an automated order-routing system used by a broker to send buy and sell orders to the trading venues most likely to give the best result. It constantly compares prices, speed, and whether an order can be filled, then splits or redirects the trade like a GPS choosing the fastest route to a destination. For investors, it affects the final price, speed, and likelihood of getting an order filled efficiently.
kospifinancial
KOSPI is the main stock market index for South Korea, tracking the overall price movements of companies listed on the Korea Exchange much like a thermometer measures room temperature. Investors use it as a quick gauge of how the South Korean market is performing, to compare fund or portfolio returns, and to spot broad trends that can affect investment decisions and risk across industries and regions.
kosdaqfinancial
kosdaq is South Korea’s stock market segment focused on smaller, fast-growing and technology-oriented companies, similar to how a city has a specialized marketplace for startups. It matters to investors because it provides a way to buy shares in early-stage or high-growth firms that can deliver big gains but also carry higher risk and price swings; think of it as a growth-focused section of the market where potential rewards and volatility are both elevated.
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IB SmartRouting℠ Routes Orders to the Best Available Price Between KRX and Nextrade
GREENWICH, Conn.--(BUSINESS WIRE)--
Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced the launch of select Korean equities through Nextrade, South Korea's first Alternative Trading System (ATS). The addition of Nextrade builds on Interactive Brokers' earlier launch of the Korea Exchange (KRX), through which it became the first major US-based broker to provide global investors with direct access to Korean equities. Clients trading on Nextrade benefit from significantly extended trading hours and access to additional liquidity. Interactive Brokers has enabled IB SmartRouting℠ across both the Korea Exchange (KRX) and Nextrade, automatically routing orders to the venue offering the best price. This helps clients achieve best execution while providing greater flexibility and more opportunities to participate in one of Asia's most dynamic equity markets.
Korea's equity market ranks among the top global exchanges by market capitalization and is home to world-leading companies such as Samsung Electronics, SK Hynix, and Hyundai Motor offering meaningful exposure to some of Asia's most prominent and innovative industries. From a single unified platform, Interactive Brokers clients can seamlessly manage diversified global portfolios, trading stocks, options, futures, currencies, bonds, and funds across more than 170 markets worldwide, now including Korean equities through both the Korea Exchange and Nextrade.
"Korea is home to some of the world's most innovative companies, and its equity market has become increasingly central to global investment strategies," said David Friedland, Managing Director for Asia Pacific at Interactive Brokers. "By adding Nextrade alongside the Korea Exchange, we're giving clients greater flexibility and more ways to capture opportunities in one of Asia's most compelling markets, while further demonstrating our commitment to providing broad, cost-efficient market access worldwide."
Nextrade offers access to approximately 650 securities from the KOSPI and KOSDAQ markets, competitive fees, and an extended 12-hour trading window, running from 8:00 AM to 8:00 PM KST across three sessions. This expanded trading window gives clients greater flexibility to act on Korean market opportunities outside traditional exchange hours, whether responding to overnight global developments or coordinating trades across multiple time zones.
Nextrade operates from 8:00 AM to 8:00 PM KST across three sessions: Pre-Market (8:00-8:50 AM), Standard (9:00 AM-3:20 PM), and After-Market (3:30-8:00 PM).
Access to equities on Nextrade through Interactive Brokers is not available to residents of Korea. Availability of products varies by Interactive Brokers affiliate and client country of residence.
The best-informed investors choose Interactive Brokers.
About Interactive Brokers Group, Inc.:
Interactive Brokers Group, Inc. (NASDAQ: IBKR) is a member of the S&P 500. Its affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and prediction markets around the clock on over 170 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.
