GMO Click Holdings set to change name to GMO Financial Holdings

Maria Nikolova

If accepted by shareholders, the change to the name will become effective on October 1, 2017.

GMO Click Holdings Inc (TYO:7177), the parent of Japanese Forex broker GMO Click Securities, is seeking to change its name to reflect the business focus on next-generation financial services.

GMO Click Holdings is set to become GMO Financial Holdings, if the proposal is approved at the meeting of shareholders scheduled for June 25, 2017. Pending an eventual approval, the name change will become effective as of October 1, 2017.

Explaining the rationale for the change, GMO Click said that over the past year it has been working in areas outside of its conventional business. This new endeavors include the development and launch of GMO – Coin Co., Ltd., the virtual currency business powered by GMO Click.

GMO Click notes that currently, the business focus is on next-generation financial services based on the use of new technologies. The company plans to expand in this segment and this is reflected in the proposed name change.

Indeed, Japanese financial services companies have demonstrated a remarkable push into the use of next-generation technologies, artificial intelligence in particular. In April this year, Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), said it would deliver a new market analysis report, based on the work of an AI program. Online brokerage Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), has also joined the ranks of AI supporters and has teamed up with US fintech startup AlpacaDB Inc to launch an AI-based solution for trading stocks.

Last week, SMBC Nikko Securities, a subsidiary of Sumitomo Mitsui Financial Group, Inc. (TYO:8316), announced a partnership with NTT Communications Corporation to jointly develop an automated chat service using AI. The AI Chatbot is set to overtake customer support roles, which reiterates the problem of robots replacing human staff.

How far GMO Click Holdings (or GMO Financial Holdings) will go into the world of next-generation financial services has yet to be seen.

Read this next

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.


TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

Executive Moves

Cowen Digital taps Taylor S. Cable to lead Europe and Asia operation

“Cowen Digital is a pioneer in delivering institutional grade access to the digital asset ecosystem and I am very excited to join the team at this pivotal time to grow our presence in Europe and Asia.”

Industry News

ASIC sues American Express Australia for lack of TMD on credit cards

“ASIC has now taken multiple actions under the design and distribution regime, including issuing over 20 interim stop orders. This regime turned a new page in the regulation of financial products in Australia and is intended to deliver better outcomes for consumers. It is a priority for ASIC to maximize these increased protections and see the long-term benefits of the DDO regime realized.”

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

Digital Assets

AAX’s Nigerian customers storm local office amid withdrawal halt

According to the Nigerian media, angry consumers of the troubled crypto exchange AAX had stormed its local office hoping they can get their money back after the firm halted operations earlier in November.