Hong Kong consumer fintech company 8 Securities has revealed an 1,100 % rise in executed stock trades and a 700 % increase in turnover compared with the same period last year , following the launch of free trading in April 2016 . 8 Securities uses smart technology to reduce trading costs to the bare minimum and said it will earn revenue with payment of margin loans to its experienced traders . 8 Securities was founded by Mathias Helleu and Mikaal Abdulla who previously managed E*TRADE's international division across 15 geographies. " We believe the combination of zero commission , low margin lending rates and a new mobile app built for speed will be extremely attractive to active traders , " said COO Ken Lee .
Hong Kong consumer fintech company 8 Securities has revealed an 1,100 % rise in executed stock trades and a 700 % increase in turnover compared with the same period last year , following the launch of free trading in April 2016 . 8 Securities uses smart technology to reduce trading costs to the bare minimum and said it will earn revenue with payment of margin loans to its experienced traders . " We believe the combination of zero commission , low margin lending rates and a new mobile app built for speed will be extremely attractive to active traders , " said COO Ken Lee .