Finance Feeds logo

Monex partners with Shizuoka Bank over financial instruments intermediary service

Maria Nikolova

Under the agreement, Monex Inc will be offering the bank’s customers financial products and services, including domestic equities.

Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), has earlier today announced that it has entered into a partnership with The Shizuoka Bank, Ltd. over financial instruments intermediary service.

As per the terms of the agreement of the companies, Monex will begin offering the bank’s customers financial products and services, including domestic equities, as of Friday, October 19, 2018. Shizuoka Bank, which has entered into a capital and business alliance with Monex Inc’s parent, Monex Group, Inc., will launch the services as part of the collaboration.

For the financial instruments intermediary services, Shizuoka Bank will solicit customers to open a general securities account with Monex through the bank’s website. This allows the bank’s customers to open an account with Monex via the brokerage’s website and deal with a wide array of financial products and services the online trading company offers.

Monex believes that via the collaboration it will be able to expand further its customer base.

Monex and Shizuoka have a long history of collaborations. In August this year, for example, Monex-Saison-Vanguard Investment Partners, a subsidiary of Monex Group, and The Shizuoka Bank, Ltd., launched a new robo-advisory service. The offering, named “SHIZUGIN Wrap (MSV LIFE)”, is a discretionary investment (Robo-Advisor) account service managed by Monex-Saison-Vanguard Investment Partners, Inc. This is an asset formation and management service that permits the account holder to pick the investment objectives, risk tolerance, investment amounts and target amounts. Then, the “Robo Advisor” included in the system performs investment judgments, trading, consultation, etc. in accordance with the customer’s needs.

Subscribe

Read this next

Interviews

Sterling Trading Tech (STT) discusses their Risk & Margin System at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Chief Customer Officer Keith Cacciola and Managing Director of Business Development Andrew Actman about STT’s competitive advantages, the challenges their clients face today, the firm’s product roadmap and new leadership at STT.

Institutional FX

Swedish online brokerage pioneer Nordnet deploys Citi Securities Lending Access platform

“Nordnet was one of the first online brokers in Sweden and has since expanded into a pan-Nordic leading digital platform for savings and investments. We are proud to add this collaborative initiative to our ever-growing list of market innovations for our customers.”

Digital Assets

Elwood integrates Fireblocks to further connect digital asset ecosystem

“As a first port of call, the integration of Fireblocks will enhance the portfolio management system experience for clients, providing users with a comprehensive view of their current and historical digital asset positions across all venues, including their Fireblocks movements and balances.”

Industry News

OKX to open office in Australia, starts rivalry with Kraken in Formula 1

“Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market.”

Executive Moves

Freemarket taps Greg Sherwin as CTO of international payments and FX-focused fintech

“At Freemarket, we are focused on providing the best optimized cross-border payments and currency exchange service to our customers and Greg’s exceptional technology expertise will help us deliver even more for our customers and support their future growth and success.”

Digital Assets

Boerse Stuttgart Digital secures BaFin authorization for crypto custody

“This is the first time that an established market participant has been licensed to hold cryptocurrencies in custody without any acquisitions. This completes the unique infrastructure we offer: of all the traditional service providers operating in the European crypto market, we are now the only one-stop-shop that’s fully regulated by BaFin in Germany for brokerage, trading, and custody of digital assets. For banks, brokers, asset managers, and family offices, this makes us the infrastructure partner of choice.”

Executive Moves

Capital.com hires Simone Manni as Head of Marketing, Europe

“I am proud to join Capital.com, a dynamic, fast-growing FinTech company harnessing technology to disrupt traditional access to financial markets. My focus over the next few years will be to grow Capital.com’s market share across western Europe and to gain a stronger foothold in countries like Italy and Germany which boasts a mature and sophisticated trading community.”

Retail FX

Axi extends partnership deal with Manchester City

FX broker Axi, previously known as AxiTrader, has renewed its flagship sponsorship deal with soccer giant Manchester City.

Digital Assets

Russia delays digital ruble pilot to May

Russia has postponed its central bank digital currency (CBDC) pilot indefinitely, which was originally scheduled for April 1, as it awaits specific legislation to be voted before the “crypto ruble” trial.

russia
<
✖