SogoTrade, Inc.—a US-based online broker dealer—announces that it will now share exchange rebate revenue with its customers through SogoTrade’s new “Get Paid to Trade” program. In addition to $0 commissions, customers in its “Get Paid to Trade” program will actually get paid on qualifying limit orders.*
Exchange rebates in the past have been largely reserved for high frequency trading firms and institutions. SogoTrade is bringing this revenue sharing opportunity to its everyday investors.
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– The partnership will provide the opportunity for both companies to expand their online brokerage services throughout Asia and North America
– KGI Asia is the lead investor in Sogo’s Series A investment round
ST. LOUIS, Aug. 20, 2019 /PRNewswire/ — SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), today announced the launch of a strategic international partnership with KGI Asia (“KGI”), one of Hong Kong’s largest brokerage firms. The SogoTrade-KGI partnership is expected to generate new IT and financial advisory positions in the St. Louis area over the next several years and is another example of how the St. Louis region continues its importance as a world financial center.
Sogo CEO Jonathan Yao said, “Once SogoTrade’s digital trading platforms have been integrated with the KGI trading infrastructure, KGI clients will have the ability to quickly open online accounts, easily trade stocks and options on American and Asian exchanges, and they will have the ability to invest in innovative products, such as cryptocurrencies and investment portfolios, using Sogo’s wealth management tools and robo-advisory services.”
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