Monex launches OTC trading of US stocks for Japanese investors

Rick Steves

The introduction of over-the-counter US stock trading services will allow customers to trade US shares during the day regardless of time differences.

Monex is introducing an over-the-counter US stock trading offering, being a first for a major online brokerage in Japan.

The addition of a US stock offering was developed in partnership with its US subsidiary TradeStation Group, Inc. in order to set Monex apart from other online brokerages, such as Kabucom Securities, SBI Securities, Matsui Securities, and Rakuten Securities.

Unlike consignment transactions where a local brokerage company acts as an intermediary for orders, offering over-the-counter trading services will have Monex serving as the transaction party of the customers to execute the transactions.

The over-the-counter trading service offered by Monex will feature several benefits for investors in Japan, including:

– US stocks can be traded during the day in Japan
– Trading time is scheduled to be 12:00~17:00 Japan time, in principle. Hence, customers can begin trading without waiting for the market opening time in the US (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 enables investors to more easily consider their next investment strategy.
– Access to major stock issues
– Customers can access major stock issues such as the 30 companies that comprise the New York Dow Jones Industrial Stock Index, ETFs, and others.
– Service Offering on the Internet
– Over-the-counter trading service is usually available on the phone or at physical store counters of each brokerage company in Japan. Monex, however, offers this service on the Internet similar to the other service offerings provided by Monex.

In 2019, Monex lowered its minimum commission rates and is committed to an ongoing expansion of the number of stocks handled, and enhancement of services to improve the investment environment for its customers.

The introduction of over-the-counter US stock trading services will allow customers to trade US shares during the day regardless of time differences.

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