Japan’s GMO-Z offers Thais online securities trading

Chief executive Megumu Motohisa said this week the company’s targets include 10,000-15,000 clients by 2018, a loan offering of 600 credit-balance accounts, and daily trading value of Bt1,000 million, representing a 0.8-per-cent market share.
The company will officially begin stock trading on November 20. 
Accounts can be opened via its website beginning today (November 13) or applications can be submitted in person to be ready to trade from November 20.
Founded in November 2016 and 100-per-cent owned by GMO Financial Holdings (Japan), GMO-Z has received a securities business licence from the Ministry of Finance.
It uses state-of-the-art online securities-trading technology and a back-office system called I-Star GV from Japan, the first securities company in Thailand with such a system in place.
The company does not use investment consultants to urge clients to trade any securities.
Its “unsophisticated” commission fees are Bt100 per Bt100,000 trade, with a “stair-step” rate increase of Bt100 for every Bt1-million trade.
The company will initially offer securities trading services only for cash-balance accounts and credit-balance accounts.
There is no credit-loan limit for credit-balance accounts and the most inclusive list of up to 500 authorised small, medium and large stocks listed on both the SET and MAI is provided for credit-balance accounts, updated on a daily basis.
The company provides management discussion and analysis (MD&A), which covers the stocks of small to medium-sized companies listed on the SET (inclusive of those listed on MAI).
It will scrutinise at least one stock per week and issue investment strategies as developed by a team of experienced analysts.