The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.
Lion Group has officially launched multi-currency trading account services powered by AI technology, the all-in-one trading platform announced.
The online brokerage firm’s spectrum of products and services includes total return service (TRS) trading, contract-for-difference (CFD) trading, Hong Kong-based over-the-counter (OTC) stock options trading, and futures and securities brokerage.
Additionally, Lion owns a professional and experienced SPAC sponsorship team to become a leader in the SPAC arena.
Offshore Renminbi settlement for greater efficiency
The newly launched multi-currency trading account services will support pricing and settlement in a range of currencies, including offshore Renminbi and US dollars.
The system will adjust in real time to accommodate different currency accounts, providing a more professional and intelligent investment tool and trading service experience for all types of users worldwide.
The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors. For example, in the over-the-counter (OTC) stock options sector of the derivatives market, foreign investment in China A-shares is often susceptible to the impact of exchange rate fluctuations, which can significantly affect net returns. Using offshore Renminbi settlement in the new trading services can alleviate currency fluctuations, greatly enhancing the liquidity and flexibility of client financial strategies.
Chunning (Wilson) Wang, CEO of Lion, said: “Finance, technology, and digitization are the three main catalysts driving Lion’s advancement in the financial technology sector. Against the backdrop of the ongoing AI wave sweeping across the globe, we believe in actively seizing the industry opportunities brought by AI and infusing AI dynamics into the Company’s core business products and services.
“The launch of multi-currency trading account services like this will significantly enhance the differentiation competitiveness of corresponding products and bring more incremental profit opportunities. Meanwhile, benefiting from a diversified development strategy, Lion will continue to build a robust and imaginative business ecosystem, provide customers with a better product experience and service, and create meaningful value for shareholders.”
