Monex partners with Tokushima Bank over financial instruments intermediary services

Maria Nikolova

Monex will provide access to financial instruments including domestic stocks and financial services to the customers of Tokushima Bank.

Japanese online trading company Monex Inc, a part of Monex Group, Inc. (TYO:8698), today announces that it has concluded a consignment agreement with The Tokushima Bank, Ltd. regarding financial instruments intermediary services.

Starting today, June 17, 2019, Monex will provide access to financial instruments including domestic stocks and financial services to the customers of Tokushima Bank. In order to respond to a wide range of needs of its customers, Tokushima Bank, in cooperation with The Kagawa Bank, Ltd, an affiliate bank of TOMONY Holdings, Inc., launched financial instruments intermediary services that allow its customers to manage their asset through stock and bond trading.

Using the newly launching financial instruments intermediary services, Tokushima Bank will offer opening of consolidated securities trading accounts with Monex via Tokushima Bank’s website. This allows the customers of Tokushima Bank to buy and sell various types of financial instruments and use financial services provided by Monex.

Monex anticipates that the alliance with Tokushima Bank will spur the participation of more new individual investors in building and managing assets, leading to further expansion of the customer base of Monex.

Let’s recall that, in January this year, Monex entered into consignment agreements with The Shonai Bank Ltd. and Hokuto Bank Ltd. over the provision of financial intermediary services. Under the terms of the partnership, Monex provides access to financial instruments including domestic stocks and financial services to the customers of Shonai Bank and Hokuto Bank.

In October 2018, the brokerage unveiled a similar partnership with The Shizuoka Bank, Ltd.

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