Z.COM Receives Licenses for Securities Business in Thailand

Z.Com Securities, a subsidiary of GMO Internet group, has successfully received the license for its online securities brokerage company in Thailand. The Securities Exchange Commission (SEC) of Thailand has granted the company a Type-A license for its securities business segment. An additional Type Sor-1 license has been granted to the brokerage, allowing it to provide derivatives trading.

The approvals come from the Thai Ministry of Finance and have been granted on the 17th of July.

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The company is planning to launch its services in Thailand by around November 2017 after successful integration of the firm's securities brokerage business with the Thai SEC. The company intends to provide self-service capabilities with new standards and practices in securities and investment sector for its customers in Thailand.

Company Planning Further Growth

In the report, the company said that it is applying for all necessary permits with the relevant authorities to become a member of the Thailand Stock Exchange of Thailand, the Thailand Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term Co. Ltd., the Thailand Securities Depository Co. Ltd., the Association of Thai Securities Companies, and the Securities Investor Protection Fund.

In its statement, Z.com outlined: "We aim to provide a great service with various products that meet our customer’s needs. We will provide user-friendly and secure trading platforms as well as clear trading commission to customers. Our mission is to be the number 1 online securities company in Thailand, that makes our customers the first priority."

Z Com securities is one of the 128 subsidiaries of GMO Internet Group, Japan. It was established in Thailand last year. The group has more than 5000 employees in its fold and has nine listed subsidiaries in Tokyo Stock Exchange.

With its knowledge and expertise in Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term technologies, the company is well positioned to break into the new market. The firm is already operating its global trade.Z.com brokerage subsidiary and has a well established retail business in Japan via GMO Click.