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SBI Securities acquires Capital Markets Services license in Singapore

Maria Nikolova

The Monetary Authority of Singapore granted the Capital Markets Services license to the company on October 1, 2019.

license

SBI Securities has earlier today announced that its subsidiary SBI Securities (Singapore) Pte. Ltd. has obtained a Capital Markets Services license under the Securities and Futures Act in Singapore.

The Monetary Authority of Singapore (MAS) granted the license on October 1, 2019 (Tuesday).

As shown by the MAS’s website, the new license allows SBI Securities (Singapore) to offer services such as dealing in Capital Markets Products (in particular, securities) and to provide custodial services. The company is also allowed to advise on investment products and to issue reports on investment products.

Source: MAS.

This is the second overseas entity of SBI Securities, after the one in Hong Kong.

In Japan, SBI Securities is considered a leader in domestic stock trading. Through connection with the PTS (Proprietary Trading System) operated by SBI Japannext, the company offers the SOR (Smart Order Routing) service thanks to which orders are executed by selecting the best market among the multiple options. Trading and investment information are offered through a diversity of channels centered on the website, including the HYPER SBI real-time trading tool that enables investors to cover the gamut from gathering investment information to placing an order in addition to smartphone sites and apps.

SBI Securities offers not only trading in domestic stocks, but aslo wide range of products and services that include investment trusts, foreign stocks, futures and options trading, FX, and domestic and foreign bonds. The company offers foreign stocks from nine countries: the U.S., China (Hong Kong), South Korea, Russia, Vietnam, Indonesia, Thailand, Singapore, and Malaysia.

In addition, SBI Securities is actively promoting the Nippon Individual Savings Account (NISA) system introduced in January 2014 and steadily acquiring accounts from individual investors.

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