BUSINESSWEEK ONLINE:   Business Week ebiz
DATA MINE Jan. 4, 2000 Internet Trading Catches on in Japan Internet trading is catching on in Japan after the government deregulated fixed commissions on stock transactions on Oct.1. Currently, there are about 50 brokerages with 400,000 registered online accounts. That's a sharp jump over one year ago, when the market consisted of 20 brokerages handling 34,000 accounts. While brick-and-mortar securities firms like Nomura and Daiwa dominate Internet trading, newcomers led by Monex Inc., which is half owned by Sony Corp., are quickly grabbing market share with discount fees under $10 a trade. Company No. of online accts. as of 11/30 Rate of growth since 10/30 Nomura Securities 95,204 18% Daiwa Securities 84,000 20% Monex 25,376 73% Matsui Securities 21,286 6% Imagawa-Misawaya Securities 18,087 23% Japan Global Securities 15,000 40% Orix Securities 12,600 18% DATA: Nihon Keizai Shimbun _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					MORE NUGGETS The Mother Lode Collected nuggets from Data Mine