Hong Kong consumer fintech firm 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. The company said that it had processed more than $120 million worth of transactions since its launch, which was also reported by local media. Vic Zhou, 8 Securities, Hong Kong office: "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 Ng.
Hong Kong consumer fintech firm 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. The company said that it had processed more than $120 million worth of transactions since its launch, which was also reported by local media. "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 Ng.