BDO Nomura Securities Inc., a joint venture of BDO Uniobank Inc. and Nomura Holdings Inc., on Monday launched online trading services for stocks listed on the Philippine Stock Exchange.
BDO said in a disclosure to the stock exchange BDO Nomura would provide investors in-depth market research, quick execution time and competitive rates.
The platform offers ease of use through simple and paperless online application and fund transfers through BDO deposit accounts.
“Nomura is excited to work with BDO, the leading commercial bank in the Philippines, to create a strong platform to serve a fast-growing market and bring new investment opportunities to domestic retail investors,” said BDO Nomura president Koichi Katakawa.
Katakawa said 86 percent of new investors who opened trading accounts in 2015 preferred to trade through an online brokerage.
The partnership leverages on the strength of both companies, with BDO’s market leadership and wide distribution network complementing Nomura’s strength in asset management, equity research and investment banking.
The joint venture with BDO is Nomura’s second retail operation in the region, following a successful one in Thailand, and is in line with Nomura’s strategy to develop local retail brokerage businesses in Southeast Asia.
BDO will also provide online trading clients where BDO rewards points will be earned for all transactions made. These rewards points can be redeemed for products available in SM affiliated stores.
The number of online stock market accounts reached 236,669 as of end-2015,up 35.6 percent from 174,592 in 2014.