Monex to Offer OTC US Stock Trading Services

Monex, a Japanese online trading company, announced that it will begin offering over-the-counter US stock trading services from September 21, 2021, aiming to improve the investment environment for its customers.

With over-the-counter trading services, unlike consignment transactions where a local brokerage company acts as an intermediary for orders, Monex will serve as the transaction party of the customers to execute the transactions.

With the start of over-the-counter US stock trading services, customers will be able to trade US shares during the day regardless of time differences, instead of waiting for the market opening time in the US. Trading time is scheduled to be 12:00～17:00 Japan time.

If an order is placed at the price displayed by Monex, the order will be executed immediately, in principle. This enables investors to more easily consider their next investment strategy. In addition, customers can access to major stock issues such as the 30 companies that comprise the New York Dow Jones Industrial Stock Index, ETFs and other.

Over-the-counter trading service is ususally available on the phone or at physical store counters of each brokerage company in Japan. Monex, however, offers this service on the Internet similar to the other service offerings provided by Monex.

Earlier this month, Monex announced that it will act as a contracted trust agency of Monex SP Trust, a wholly owned subsidiary of Monex Group, to start offering “Takusu Stock” to its customers​.