quora SBI Holdings Add 8 More Forex Offerings | Finance Brokerage
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SBI Holdings Add 8 More Forex Offerings | Finance Brokerage

Japanese financial services subsidiary of SBI Holdings Inc, SBI FXTRADE Co., Ltd. announced eight more currency pair offerings last Friday.

SBI FXTRADE will add pairs centered on the Japanese yen, namely: RUB/JPY, BRL/JPY, MXN/JPY, SEK/JPY, NOK/JPY, SGD/JPY, and PLN/JPY. Only the remaining pair deviated from it: the booming greenback and Chinese yen.

The broker will begin to offer the currencies from December 16, Monday. Fortunately, they will start to accept orders by the end of maintenance on December 14, Saturday.

Some of the currency pairs added have the characteristics of high-interest-rate currencies, the broker claimed. This expands the possibilities for a variety of transactions tailored to investment stances, providing opportunities and convenience.

The total number of forex pairs for trading went from 26 to 34 from increasing demand from its customers.

2019 Fiscal Year for SBI Holdings

SBI Holdings ended its 2019 fiscal year continuing its record performance on March 31. SBI SECURITIES achieved historical highs, but growth was much less than the previous year.

Operating revenue, net operating, revenue, operating income, ordinary income, and profit attributable to owners achieved said historical highs. Operating revenues ticked up by 5% from ¥116.7 billion in 2018 to ¥122.5 billion in 2019.

Meanwhile, ordinary income was ¥55.4 billion this year, a 3% increase from the previous year’s ¥53.8 billion. The firm’s profit before income tax expense was much less than the last year at 3.4%, compared to 2018’s 33.5%.

SBI SECURITIES’ total stock brokerage trading value was ¥99.2 trillion.

Operating income at Q3 of the same year was ¥42.8 billion, a 13.6% increase from December 2018 to March 2019.

On the broker’s previous quarter, its operating revenue as at ¥93.7 billion, up by 11.1% year-on-year at ¥84.3 billion. Net operating revenue also reached a double-digit percentage growth by 14.4% at ¥87.8 billion against ¥76.8 billion the previous year.

Q3 in 2019 was better for the firm with regards to operating revenue at an increase of 14.2% year-on-year.

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