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The Founder of Futu Says the Company Will Develop the Overnight Trading System for US Stocks

Moomoo News ·  Aug 20 04:43

Li Hua, founder and CEO of Futu Holdings Ltd., said on Tuesday that Futu will soon develop its own system to provide overnight trading service for US stocks. "We are actively researching and promoting the development of the US stock overnight trading system, aiming to bring our customers better trading experience. Developing and establishing the overnight trading service is a challenge for any brokerage firm, requiring a significant investment of resources and a considerable amount of time, as well as involving the application for relevant licenses. We hope to reduce and even eliminate our dependence on upstream suppliers to achieve an upgrade in the industrial value chain." The media representative from Futu said that there is currently no relevant specific schedule. (Bloomberg)

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