Rakuten Securities announced that the company acquired 100% ownership of Australia-based FXAsia Pty Ltd. This acquisition is the second global expansion of FX business for the securities company, following acquisition of FXCM Hong Kong. FX business is the one of the core businesses in the company.
Rakuten Securities has provided FX service since 2003. The FX service which was fully revamped on January 2013 started to offer the lowest level of spread such as 0.3 pip for USD/JPY. The company has developed convenient FX service for customers by providing high-end FX trading app “MARKETSPEED FX”, and smartphone trading tool “iSPEED FX”.
According to data disclosed by the Financial Futures Association of Japan, Rakuten Securities became the fourth largest company in Japan in terms of OTC FX trading value in June, 2016.
(Source: Rakuten Securities )
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