Moomoo Securities Japan, a digital brokerage, plans to expand its business in single-stock options for Japanese equities to capitalize on growing demand from the country’s retail investors.
“Investor interest in options is actually much stronger than we had expected,” said Francisco Izawa, the head of Moomoo, a subsidiary of Futu Holdings, which is backed by Tencent Holdings. The brokerage hosted an options trading event in Tokyo this month, attracting 3,000 registrations for 500 spots.
The swelling interest reflects a shift in the options market, spurred by the Osaka Exchange’s efforts to boost the trading of derivatives. The market had suffered from a lack of liquidity for years, prompting traders to rely on over-the-counter instruments.
AloJapan.com