Monex begins offering over-the-counter U.S. equity trading services, a first for a large online brokerage in Japan

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Announcement of the release of the branch

TOKYO, September 16, 2021 – Monex, Inc., wholly owned subsidiaries of Monex Group, Inc., today issued the following press release.

Attachment: Monex, Inc. press release

Monex begins offering over-the-counter U.S. equity trading services, a first for a leading online brokerage in Japan

Contact: Akiko Kato

Office of Corporate Communications Groupe Monex, Inc.

+ 81-3-4323-8698

Yuki Nakano, Minaka Aihara

Investor Relations, Monex Group Financial Control Department, Inc.

+ 81-3-4323-8698

This document has been made for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States.

Monex begins offering over-the-counter U.S. equity trading services, a first for a leading online brokerage in Japan

TOKYO, September 16, 2021 – Monex, Inc. (Headquarters; Minato-ku, Tokyo; Representative Director and Chairman: Yuko Seimei; hereafter, Monex) is pleased to announce that, for a first for a major online brokerage firm,* it will begin offering over-the-counter U.S. equity trading services from September 21, 2021 (planned).

Background

Monex has worked with its US-based group company, TradeStation Group, Inc. (Headquarters; Florida, US; President: John Bartleman) to provide US equity trading services that set it apart. from other online brokerage firms. In July 2019, Monex was the first in the industry to lower its minimum commission rates and, through efforts such as the continuous increase in the number of shares processed, continues to improve its services to improve the environment for trading. investment for its clients. Now, with the launch of US Equity OTC trading services, clients will be able to trade US stocks during the day regardless of the time difference.

Overview

With OTC trading services, unlike consignment transactions where a local brokerage firm acts as an intermediary for orders, Monex will serve as the trading party of clients to execute trades, as below.

  1. US stocks can be traded during the day in Japan
    Trading time is scheduled for 12:00 p.m.??5:00 p.m. Japanese time, normally. Thus, clients can start trading without waiting for the opening time of the market in the United States (in the evening in Japan).
  2. Orders are executed immediately
    If an order is placed at the price displayed by Monex, the order will be executed immediately, in principle. This makes it easier for investors to plan their next investment strategy.
  3. Access to the main securities issues
    Clients can access major stock issues such as the 30 companies that make up the New York Dow Jones Industrial Stock Index, ETFs and others.
  4. Internet service offer
    The OTC trading service is generally available over the phone or at the physical store counters of every brokerage firm in Japan. Monex, however, offers this service on the Internet in the same way as other service offerings provided by Monex.
  • According to September 16, 2021, Monex survey. The major online brokerage firms are defined as at Kabucom Securities, SBI Securities, Matsui Securities, Rakuten Securities and Monex, Inc.

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Disclaimer

Monex Group Inc. published this content on September 16, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 16, 2021 12:01:02 AM UTC.

Public now 2021

All news on MONEX GROUP, INC.
Sales 2022 74,300 M
676 million
676 million
Net income 2022 12,100 million
110 million
110 million
Net debt 2022

PER 2022 ratio 12.5x
Yield 2022 4.48%
Capitalization 152B
1,388 million
1,386 million
Capi. / Sales 2022 2.05x
Capi. / Sales 2023 2.17x
Number of employees 1,129
Free float 85.4%

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Number of analysts 1
Last closing price

JPY 591.00

Average price target

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Spread / Average target 43.8%


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