Corporate News

BDO Nomura offers online trading services

Posted on October 25, 2016

BDO NOMURA Securities, Inc. is looking to tap retail investors with the launch of its online trading platform for listed stocks on the Philippine Stock Exchange.

In a press briefing on Monday, Eduardo V. Francisco, president of BDO Capital & Investment Corp., said the local market for online stocks trading is still very small.

“When you look at the banks there are maybe 30 million bank accounts and when you look at trading accounts there’s only 700,000 and 250,000 is online,” he said.

Koichi Katakawa, president of BDO Nomura, said that they “expect rapid growth in terms of number of [trading] accounts.” He noted around 86% of new investors who opened trading accounts in 2015 “want online brokerages.”

Mr. Katakawa said there is no minimum amount for opening a trading account with BDO Nomura. “The only requirement is that you need a BDO online bank account... It only takes five minutes in opening an account,” he said.

BDO Nomura is a joint venture between Japanese investment bank Nomura Holdings, Inc. and Sy-led BDO Unibank, Inc.

Mr. Francisco said BDO Nomura, being a dedicated online broker, will not directly compete with the Sy-led bank’s existing brokerage house BDO Securities Corp. -- JMDS