GMO-Z.com Securities obtains Thai securities business license

Maria Nikolova

GMO-Z.com Securities (Thailand) Limited has obtained a securities business license type A and derivatives business license type Sor-1 from the Securities and Exchange Commission of Thailand.

GMO-Z.com Securities (Thailand) Limited, a subsidiary of GMO Internet Inc. (TYO:9449), has made another important business step by obtaining a securities business license type A and derivatives business license type Sor-1 from the Securities and Exchange Commission of Thailand.

In an official announcement today, company said its full-scale business is expected to be launched in November 2017. In parallel, GMO-Z.com Securities (Thailand) Limited is applying to be a member of a number of organizations – the Stock Exchange of Thailand, Thailand Clearing House Co., Ltd., Thailand Securities Depository Co., Ltd., Association of Thai Securities Companies, and Securities Investor Protection Fund.

The number of GMO Internet’s subsidiaries continues to grow. One of the latest additions to this family is GMO-Z.com Coin. The fully fledged launch of the virtual currency business took place on May 31, 2017, after some delay that was blamed on the growing trading volumes of bitcoin and the necessary system adjustments stemming from this.

Z.com, the domain that GMO Internet bought for smashing $6.8 million back in the fall of 2014, now includes a number of securities trading businesses, including brands like GMO-Z.com Bullion HK Ltd, GMO-Z.com Forex HK Ltd, and GMO-Z.com Trade UK Ltd.

A recent in-depth investigation by FinanceFeeds into the Thai Forex industry has shed light on some important business aspects in this location. Along with most of South East Asia, the opportunity for genuine, good quality business in Thailand is now emerging, the investigation has shown. One particular firm, based in Asia, that provides liquidity to retail brokerages, explained to FinanceFeeds back then “We consider Thailand to actually be of greater value as a potential customer base than Indonesia or Malaysia, two emerging markets which are a focus for many firms these days.”

“Unlike a few years ago, there are more high net worth traders in Thailand now than ever. Many of these traders are highly sophisticated and they will know whether a brokerage is b-booking their trades, and will want a specialist service so that they can be sure how their trades are being executed”, the source said.

A source at another brokerage commented:

“There is a very sophisticated strata of traders in this region, starting from $100,000 minimum deposit, who build their own black box systems and know how a Prime of Prime works and how to analyze the execution of their trades. Around 25% are arb traders so that is consistent world wide, however in Thailand most of the arb traders are trading the DAX”.

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