Tencent-Backed Broker Aims to Expand in Japan’s Options Market

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Moomoo Securities Japan Co., a digital brokerage, plans to expand its business in single-stock options for Japanese equities to capitalize on growing demand from the country’s retail investors. “Investor interest in options is actually much stronger than we had expected,” said Francisco Izawa, the head of Moomoo, a subsidiary of Futu Holdings Ltd., which is backed by Tencent Holdings Ltd. The brokerage hosted an options trading event in Tokyo this month, attracting 3,000 registrations for 500 spots.