GMO Click Securities teams up with Daiwa Securities to sell securities, improve services

GMO Click Securities teams up with Daiwa Securities to sell securities, improve services

- in All News, Forex Brokers
gmo daiwa

Japan’s GMO Click Holdings (TYO:7177), parent company of GMO Click Securities, the world’s largest forex broker in terms of March retail trading volumes, announced it has signed an agreement for business collaboration with Daiwa Securities Group (TYO:8601)– Japan’s second largest securities brokerage.

The initial memorandum, according to the announcement, has been signed in October last year and had explored the possibility of a partnership to increase corporate value by mutually utilizing management resources, improving quality of services and customer convenience. The companies will be sharing and jointly developing video content, online marketing campaigns and tools and starting stock lending.

The new information platform, that is currently developed by Daiwa Securities Group, will also be put in use. Its main goal is to promote securities and similar financial products to younger customers and pensioners.

In addition to the forex brokers GMO Click Securities and FX Prime by GMO Corp., The GMO Click Holdings group also includes Hong Kong-based GMO-Z.com Forex HK, GMO-Z.com Bullion HK, and London-based GMO-Z.com Trade UK.

Through its subsidiaries it offers online trading of forex, CFDs and precious metals. It also provides various financial instruments to retail investors. Another subsidiary of GMO Click Holdings, GMO Internet, provides internet infrastructure, online advertising and media and mobile entertainment.

Earlier this month GMO Click Holdings released a preliminary report for the fiscal year that ended on March 31, 2016. According to it, the annual profit increased 32.9% to almost JPY 6.5 billion. In March, however, its two major forex broker GMO Click Securities and FX Prime reported a significant drop in trading volumes.

Daiwa Securities Group Inc. is a holding company. It provides a comprehensive financial services including dealing, brokerage, underwriting, and distribution of securities. Other services are research and systems development, custody service, and asset management. Daiwa has subsidiaries in US, Europe, Asia, and Middle East. As of the end of 2015, its capital was JPY 247.4 billion.

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