
TOKYO, August 05, 2016 – Rakuten Securities, Inc. today announced that it has acquired 100% of the outstanding shares of the FX business “FXAsia Pty Ltd” based in the Commonwealth of Australia. This acquisition represents the second market for Rakuten Securities to expand its FX business into, following Hong Kong.
Rakuten Securities has been providing FX services since 2003. In January 2013, the company updates its FX services, and now provides its customers with a range of highly convenient FX services and trading tools, such as the high performance FX trading tool “MARKETSPEED FX,” with one of the industry’s most competitive*1 spread of 0.003JPY (dollar/yen), and the smartphone FX trading application “iSPEED FX.” The company ranks fourth*2 among the Japanese domestic retail FX industry in terms of transaction value. The company will continue to position its FX business as one of its core securities businesses, and aims to increase its trading volume even further.
*1 Compared with other major online securities brokers (GMO CLICK Securities, kabu.com Securities, Matsui Securities, Monex, SBI Securities)
*2 Based on monthly reports published by the Financial Futures Association of Japan regarding transaction value (in Japanese yen for June 2016)