Related Subreddits (see the rules above for related subs as well) Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, r/weedstocks, or r/CanadianInvestor instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. To submit a comment you must have a 3 day old account, 10 comment karma 75 comment karma to post** and caters mainly to individual investors, with 48,000 accounts, Monex said in a statement.Almost any post related to stocks is welcome please read the rules below:ĭisclose any related open positions when discussing a particular stock or financial instrument.ġb. Shares of Monex slumped 2.1 percent to 16,700 yen, reflecting investor worries over the financial burden. “We have enough cash for this acquisition and we see no impact on our financial health from this,” Monex Chief Executive Officer Oki Matsumoto said at a briefing. TradeStation is one of the six publicly traded online brokers in the U.S. firm. Monex Group is stepping up its overseas operations in a bid to expand earning sources, as stock transactions by individual investors in Japan remain sluggish. The SEC fee is 0.00221 of the total dollar amount of securities sold with no maximum and the trading activity fee of 0.000119 per share for each sale of a covered equity security with maximum charge of 5. Monex Group plans to use cash-on-hand and bank loans to buy the U.S. subsidiary of Monex Group will make a tender offer of 9.75 dollars a share for the company listed on the Nasdaq stock market as early as later this month, with the aim of turning it into a wholly owned unit. The expected purchase price is a 39% premium on the average stock price of TradeStation Group over the past three months. online brokerage for about 411 million dollars (33.9 billion yen). A U.S. (8698) said Thursday it had reached an agreement with TradeStation Group Inc. Average Japanese ‘trader’ trades about 0.01 lots a day while average western client trades about 0.8-1.0 lots a day. It’s amazing to see how on almost the same number of clients as FXCM an Japanese broker is making 1/100 volume.
Income $240M, profit $55M – including FX, Stocks, Bonds, etc Join the iFX EXPO Asia and discover your gateway to the Asian MarketsįBS Broker Releases New Partner Area for its IB Program Users Go to article > TradeStation, a relatively small broker, is certainly an attractive target and is now in a poll position with its unique trading platform to expand in the US retail forex market as well. This move by Monex Group however makes a lot of sense as profits in Japan fall and can only be balanced by either consolidating locally or expanding overseas. There are many more Japanese businesses looking to be sold as Japanese market is much larger in terms of number of market participants and hence consolidation is much faster and aggressive there than elsewhere.
This is a very interesting step as recently we’ve seen a flurry of transactions of foreign brokers buying Japanese forex brokers ( Alpari, FXCM and Ava FX the most recent) amid the latest leverage reductions and tough economic climate in Japan. TradeStation the large US multi-asset broker which only recently entered the retail forex space is about to be acquired by the Japanese Monex Group for $411 million.
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