Japanese FX giant GMO Click Securities is making a move towards diversifying its range of trading instruments. Starting from the morning of September 16, 2014, the broker will start offering trading with stock of foreign companies that are listed on the Tokyo Stock Exchange (TSE).
The first to enter GMO’s offering are nine companies, whose names are listed below:
SPDR Gold Shares (TSE:1326)
SPDR S&P 500 ETF (TSE: 1557)
Acucela Inc (TSE:4589)
– Dow Chemical (TSE:4850)
JPMorgan Chase&Co (TSE:8634)
Bank of America (TSE:8648)
American International Group, Inc (TSE:8685)
Aflac Inc (TSE:8686)
Citigroup Inc (TSE:8710)
The broker has picked some leaders in the financial services sector, like Bank of America and Citi. Next up is insurance expert Aflac, as well as investment giant JPMorgan Chase & Co. The pharmaceuticals and healthcare sector is not forgotten, with ophthalmology company Acucela present in the list.
To make use of trading with these shares, clients will need to open a securities account, which enables trading on a raft of platforms and apps developed especially for this type of trading by GMO’s team. The latest addition to this range is iClick Stock, an application for users of iOS-based devices. Of course, solutions for PC and Web are available too. Traders wishing to check out the new shares will be happy to find out some really useful tools on GMO’s platforms – including a test to find out what are the most suitable shares for them.
The diversification of the offering comes after a challenging summer for GMO, marked by two months of weak FX volumes and some improvement of trading activity in August.
GMO’s striving towards originality and the boosting of the variety of services and products for its clients appears to be just a sign of a broader trend seen amid Japanese online trading services providers. MONEX, another important player in the Japanese financial services market, earlier this week announced its plans to discontinue the MetaTrader 4 platform, with a new addition to join its menu of platforms – application-based Tradable. Apparently, the conservative Japanese financial services industry is about to surprise us with some unexpected diversity and originality.
For more information on the new stock offering at GMO, click here.