Monex launches OTC trading of US stocks for Japanese investors

The introduction of over-the-counter US equity trading services will allow clients to trade US stocks during the day, regardless of time differences.

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

The addition of a US equity offering was developed in partnership with its US subsidiary TradeStation Group, Inc. to differentiate Monex from other online brokerage houses, such as Kabucom Securities, SBI Securities, Matsui Securities and Rakuten Securities.

Unlike consignment transactions where a local brokerage firm acts as an intermediary for orders, the OTC trading service offering will have Monex serving as the clients’ trading party to execute the trades.

The OTC trading service offered by Monex will have several advantages for investors in Japan, including:

– US stocks can be traded during the day in Japan
– Trading time is scheduled between 12:00 p.m. and 5:00 p.m. Japan time, in principle. Thus, clients can start trading without waiting for the opening time of the market in the United States (in the evening in Japan).
– 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 envision their next investment strategy.
– Access to the main stock market issues
– Clients can access major equity issues such as the 30 companies that make up the New York Dow Jones Industrial Stock Index, ETFs and others.
– Internet service offer
– The OTC trading service is generally available by phone or at the physical store counters of every brokerage firm in Japan. Monex, however, offers this service on the Internet similar to other service offerings provided by Monex.

In 2019, Monex lowered its minimum commission rates and embarked on continued expansion of the number of inventory handled, and service improvement to improve the investment environment for its clients.

The introduction of over-the-counter US equity trading services will allow clients to trade US stocks during the day, regardless of time differences.

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