News

January 21, 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.

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