Rakuten Securities is venturing into Malaysia, which will make it the first Japanese online securities house, after teaming up with K&N Kenanga Holdings on Friday.
Nikkei reported Rakuten will offer online brokerage services for investors in Malaysia with an eye toward acquiring a retail brokerage market share of around 20% in the future.
The joint company will be equally owned by Rakuten Securities and Kenanga. It will initially handle Malaysian stocks, with commissions held to the lowest level in the Southeast Asian country.
The report also while the value of trading on Bursa Malaysia was around US$130bil a year, individual investors account for about 20% of the sum.
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Nikkei reported Rakuten will offer online brokerage services for investors in Malaysia with an eye toward acquiring a retail brokerage market share of around 20% in the future.
The joint company will be equally owned by Rakuten Securities and Kenanga. It will initially handle Malaysian stocks, with commissions held to the lowest level in the Southeast Asian country.
The report also while the value of trading on Bursa Malaysia was around US$130bil a year, individual investors account for about 20% of the sum.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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