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.
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.
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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 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 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.