Rakuten Trade Sdn Bhd (“Rakuten Trade”) has launched a marketplace where licenced and experienced analysts can provide trading ideas, insights, and intelligence to support the growing number of digital retail investors.
Chief Executive Officer (CEO) Rakuten Trade, Kazumasa Mise said using social networking platforms, the new division Equity Sales (ES) generates thematic stock ideas and independent perspectives to offer expert knowledge to a wide range of institutional investors, many of whom are millennials with varying degrees of trading experience.
Rakuten Trade created the division in view of the changing landscape where more new retail investors are entering the market.
“It is important that trading information is backed by licensed experts to ensure there is no misleading information.
“There is a surge in non-licensed individuals, as well as social media forums that are not monitored or moderated by licensed individuals or investment firms,” Kazumasa said.
Rakuten Trade has also announced the appointment of Vincent Lau to the newly created position of Head of Equity Trading, effective January 2021.
He added that Lau has already played a vital part in raising the company’s presence in the equities market in the country.
“We are confident that his significant expertise and sound understanding of the market will enable him to contribute further towards the company’s next chapter of growth,” Kazumasa said.