21
January
2008
IFC METROPOL became the broker for the first Internet trading transactions carried out by a Japanese company on the Russian stock market in the on-line mode
On January, 18 for the first time in the history a Japanese
commission house transacted shares on the Russian Moscow Central
Stock Exchange in the on-line mode. The transactions were carried
out through the Russian company IFC METROPOL. This became possible
due to the joint project of IFC METROPOL and the Japanese company
United World Securities (UWS). According to M. Sheshelovsky, the
head of the project and the Director General of AM METROPOL “The
first transactions were performed with the help of the Russian and
Japanese systems of internet trading, integrated with one another,
shares of Gazprom, Lukoil oil company and RAO UES of Russia”.
The package of agreements to carry out a project for broking of the
Japanese investors on the Russian stock market via internet in the
on-line mode between these two companies was signed on December 12,
2007 in Tokyo. According to the contracts UWS which is known as a
professional participant of the Japanese stock market, as well as
its clients of are granted the access to on-line mode auction of
the Russian shares at the Moscow Central Stock Exchange in Russia.
The contracts were signed by the M.V. Slipenchuk, Director General
of IFC METROPOL and Toshiyuki Tateishi, Director General of the
UWS. The same day the trial auction of the Russian shares took
place in the company office.
The UWS and IFC METROPOL cooperation began last year when in
November 2006 the framework agreement on cooperation was signed.
Since then 2 closed – end funds were established in Japan making
investment mainly in Russian shares.
United World Securities (UWS) began its work in December
2001. It is registered under the number 228 at the Tokyo Stock
Exchange. Authorized capital amounts to 1.06 billion yen (9.22
million USD). The president of the company is Hayashi Kazuto. The
principal shareholders are the president, Hayashi Kazuto (56.4 %),
SBI E-trade Securities Corporation (4.6%), Matsui Securities
(3.6%), Rakuten Securities (3.6%), Sumitomo-Mitsui Banking
Corporation (3.3%), Softbank Investment Holdings (2.5%) and others.
Affiliate companies are United World Online Limited (Hong Kong),
United World Investment Advisers (Japan), United World Asia Asset
Limited. Basic activity is providing brokering services through its
real-time Internet platform of the shares of China (Hong Kong Stock
Exchange) and Thailand. According to the president of the company
the number of the client accounts amounts to 60 000, if taking into
consideration B2B accounts – more than 500,000. The company has
worked out an electronic trading system of the Chinese shares which
is used by many Japanese commission houses – at present about 90%
of the total share trade of the Chinese shares in Japan is carried
out through this system. The total client's portfolio volume
amounts to 0.5 billion USD. Moreover, United World Securities
handles 12 funds: 5 of them carry out investments in securities in
Vietnam, 4 – in development projects in Macao (special economic
zone in the Chinese People’s Republic), 2 – in securities in
Russia, and 2 – in securities in Thailand. The total amount of
funds is not disclosed.
