Abstract：Rakuten Securities Inc, a Japanese FX broker, announced intentions to add a total of 54 equities to its portfolio of tradeable products.
According to a business statement, these new additions, which will be accessible beginning today, include companies listed on the NYSE, NASDAQ, and the Shanghai Stock Exchange.
As customers' demand for exposure to regulated markets grows, the broker expands its product offering to cover currencies, commodities, shares, and indices. The addition of new stocks not only helps to improve trading possibilities for its customers but also draws additional traders who want to diversify their trading alternatives.
The broker's trading instrument offering has been steadily growing. In June, it expanded its service to include 200 equities traded on US markets. Clients from specific areas who want to actively trade global equities have made the case for introducing new assets in recent years.
Brokers in Japan have started cutting trading costs in an attempt to entice individual traders. In Japan, trade volumes have been declining, so the move might be an effort to increase trading activity.
Rakuten has entered the digital asset market.
The struggle began when fixed-rate fees on stock trading were eliminated in several Western exchanges. Several brokers jumped at the chance, slashing fees by up to 90% and providing no-fee trading for limited time periods. Japanese brokers are eager to get in on the retail trading boom, which has helped both high-flying applications and older systems.
Rakuten Securities is a subsidiary of Rakuten, which also runs retail foreign exchange brands in Australia and Malaysia via a joint venture with Kenanga Investment Bank Berha. Rakuten.com is the world's fourth biggest e-commerce company, after only Alibaba, eBay, and Amazon.
Rakuten has entered the digital asset industry, using group synergies, with the launch of its cryptocurrency exchange, dubbed “Rakuten Wallet.”
Customers may deposit and withdraw Japanese yen and crypto assets using the smartphone app for their crypto assets trading accounts. Rakuten Wallet, previously Everybody's Bitcoin, is a completely owned subsidiary of Rakuten, which purchased it in August 2018 for $2.4 million.
You can check out more of Rakuten Securities here: https://www.wikifx.com/en/dealer/9341447788.html
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The prediction for this week is that Gold is likely to continue its upward trend. This is due to the influence of lower interest rates, which reduce the opportunity cost of buying gold with zero yield.
Investors remain optimistic that the Fed has wrapped up its rate-hiking regime and that the economy is on track for a soft landing.
The Dollar slid against the Japanese Yen to 146.90 from 148.25 Friday weighed by a fall in US Treasury yields. The 10-year bond yield plummeted to 4.20% from 4.36% while the 2-year rate slid to 4.54% from 4.72%. Other global bond yields were lower.
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