Japan's Rakuten Securities prepares foray into Malaysia

Kenanga Investment Bank Bhd (KIBB) signs joint venture agreement with Rakuten Securities Inc.(From left) KIBB executive director & head of equity broking Lee Kok Khee, K & N Kenanga Holdings Bhd group managing director Datuk Chay Wai Leong, Rakuten Securities president Yuji Kusunoki, and Rakuten Securities executive officer (corporate division) Hidekazu Yui.

The report also while the value of trading on Bursa Malaysia was around US$130bil a year, individual investors account for about 20% of the sum.

In 2015, Rakuten acquired the Hong Kong unit of FXCM, a US provider of foreign exchange trading services. The joint company in Malaysia is its second overseas business outlet.