Monex to offer stock margin trading via PTS

Maria Nikolova

The broker is set to add the new service to its offering on June 8, 2020.

Japanese online trading company Monex Inc, part of Monex Group, Inc. (TYO:8698), today announces that it will commence offering Japanese stock margin trading using Proprietary Trading Systems (PTS). The new service is set to become available on Monday, June 8, 2020.

Back in June 2019, Monex introduced smart order routing (SOR) services for Japanese stock cash trade orders. SOR automatically compares the Tokyo Stock Exchange, Japannext PTS, which is operated by Japannext Co., Ltd., and dark pools, and then systematically selects the best available transaction execution market.

Since the lifting of a ban on PTS transactions on margin trading in August 2019, Monex has worked to enable PTS transactions for both system margin trading and general margin trading. PTS transactions provide customers a better investment environment for Japanese stocks by enabling pricing benefits similar to Monex’s cash transaction services, the broker explains.

SOR orders for margin trades select either the Tokyo Stock Exchange or PTS as the execution market. Margin trade orders are not executed in dark pools. However, because PTS margin trades can only be placed through SOR orders, orders cannot specify PTS only.

PTS margin trading can be used for both system and general margin trading. Monex offers PTS system margin trading of all stock issues prescribed by Japannext PTS.

With SOR orders, open interest can be repaid into other markets. Open interest on the Tokyo Stock Exchange can be repaid into Japannext PTS, and alternatively, open interest on Japannext PTS can be repaid into the Tokyo Stock Exchange.

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