Futu's moomoo Launches Online Brokerage Business in Japan, Offering about 7,000 Tradable US Stocks

(Hong Kong, 21 September, 2023) – Futu Holdings Limited (the “Company”, Nasdaq: FUTU) a leading tech-driven digitalized brokerage and wealth management platform, today announced the launch of its online brokerage business in Japan via its global investment and trading brand moomoo, providing Japanese investors with access to up to 7,000 US stocks trading, leading in volume among local online brokerages.

Leading in Number of T Tradable US Stocks among Online Brokerages

As an independent financial entity, moomoo Japan holds qualifications for conducting Type-I Financial Instruments Business, Type-II Financial Instruments Business, Investment Management Business, and Investment Advisory and Agency Business. Following the launch, Japanese investors are now able to trade approximately 7,000 US stocks and ETFs at moomoo platform, which represents the highest level of tradable U.S. stocks in the industry, and almost 30% over the number of U.S. stocks offered by the second place in the industry. Meanwhile, Japanese investors could trade on moomoo with the lowest commission rate among all Japanese online brokerages[1].

Moomoo made its debut in Japan in October 2022, introducing its all-in-one app that offers market information, education tools and a vibrant community of global peers to Japanese investors. Moomoo Japan has received significant praise from the public and media for 'shaking up' the online trading industry within the local market. In June, the prestigious financial magazine Nikkei Money recognized moomoo for its advanced analysis and expertly curated global stock information.

To Provide 24-hour T Trading of Over 300 US Stocks and ETFs, Top of the Industry As a global investment and trading platform at the forefront of U.S. stock trading, moomoo is the first online brokerage to offer round-the-clock U.S. stocks and ETFs trading in Singapore and Australia. The same feature will soon be available to Japanese investors, allowing them to trade 301 selected US stocks and ETFs, 24 hours every trading day. This move will mark moomoo as the first Japanese online broker to offer 24-hour trading of over 300 selected US stocks and ETFs.

Younger Japanese Investors' Growing Appetites for US Market Uncovers Business Potential

"The Japanese stock market has also long been dominated by institutional investors, but the situation is becoming different now. Data shows that the proportion of shares held by individual investors in Japan has reached 17.6%, which is close to the highest level since 2013[2]," moomoo Japan CEO Francisco Izawa said, "And it is good to see the younger generation in Japan attempt to trade stock and invest in their financial future."

"We saw great interest in investing US stocks in Japan, especially the younger generation. With the launch of our online brokerage business, Japanese moomoo users can now trade US stocks via our proprietary moomoo app, just at their fingertips, while enjoying massive free data, professional-level investing tools and news services, that help them to make informed investing decisions."

Moomoo nurtures a culture of continuous learning through its inclusive online Moo Community and complimentary investment education courses, catering to the needs of investors at every level of investment experience. In collaboration with its sister brand, moomoo cultivates an interactive online investing community that unites over 20 million investors from all over the globe.

"By the end of the second quarter, we observed a remarkable 330% surge in community engagement in Japan compared to the previous quarter. Similarly, our online investing curriculum experienced a substantial 142% sequential increase in click rates." Izawa said.

[1]3 Reasons to Choose Moomoo for US Stock Trading
[2]Results of the 2022 Stock Distribution Survey