Osaka Exchange

Moomoo Japan Offers Japanese Stock Trading Services, Further Upgrading its Features to Serve Local Investors

Retrieved on: 
Monday, April 8, 2024

TOKYO, April 8, 2024 /PRNewswire/ -- Moomoo Japan has introduced Japanese stock trading services, allowing investors in Japan to seamlessly trade both US and domestic stocks using moomoo, a global investment and trading platform which was officially introduced to Japan in September last year.

Key Points: 
  • TOKYO, April 8, 2024 /PRNewswire/ -- Moomoo Japan has introduced Japanese stock trading services, allowing investors in Japan to seamlessly trade both US and domestic stocks using moomoo, a global investment and trading platform which was officially introduced to Japan in September last year.
  • Following the successful launch of US stock trading in Japan, Moomoo Japan is taking a step further to diversify its offerings to deliver upgraded trading experience for local investors.
  • The prolonged period of low-interest rates in recent years has ignited a surge in interest among investors for stock investments.
  • To cater to the robust investment demand from Japanese investors and offer them a wider range of trading options, moomoo launched Japanese stock trading offering," said Francisco Izawa, President of Moomoo Securities Japan.

Pico Expands its Services at Japan Exchange Group Colocation Facility

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Pico , a leading provider of mission-critical technology, data and analytic services for the financial markets community, continues to invest in its managed colocation facility at Japan Exchange Group, Inc. (JPX), now supporting the newly launched Layer 1 network solution.

Key Points: 
  • NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Pico , a leading provider of mission-critical technology, data and analytic services for the financial markets community, continues to invest in its managed colocation facility at Japan Exchange Group, Inc. (JPX), now supporting the newly launched Layer 1 network solution.
  • The network architecture from the exchange supports ultra-low latency Layer 1 connectivity to the Tokyo Stock Exchange (TSE), Tokyo Commodity Exchange (TOCOM) and Osaka Exchange (OSE).
  • Japan is one of many global trading locations where Pico provides ultra-low latency solutions, supporting clients with latency-sensitive trading strategies that require highly accurate views of the market and fast execution times.
  • Contact us for more information about Pico’s Layer 1 network solution in the JPX data center.

TOP Financial Group Limited Announces 63% and 178% Year-Over-Year Growths in Revenue and Net Profit

Retrieved on: 
Monday, October 31, 2022

Total number of total registered customers were 304, representing an increase of 4.8% from 290 as of September 30, 2021.

Key Points: 
  • Total number of total registered customers were 304, representing an increase of 4.8% from 290 as of September 30, 2021.
  • This forecast reflects the Companys current and preliminary views on the market and operational conditions, which are subject to change.
  • Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

TOP Expands into OTC Derivatives Business in Multiple Market

Retrieved on: 
Tuesday, October 25, 2022

Hong Kong China, Oct. 25, 2022 (GLOBE NEWSWIRE) --  TOP Financial Group Limited (“TOP” or the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that the company is planning to initiate its over-the-counter (OTC) derivatives business in 2023. In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.

Key Points: 
  • In addition to existing exchange traded equities, futures and options, TOP will add the OTC derivatives, which including China A-share, Hong Kong and US stock options.
  • Derivatives market presents tremendous opportunity for us.
  • Just China A share market alone, the derivatives products were RMB 2.08 trillion1 (USD 328 billion) in January 2022, and the U.S. derivatives market was RMB several hundred trillion.
  • The major participants in the OTC stock options market include large institutional investors such as mutual funds, commercial banks, pension funds, and funds of funds, and private investors.

TOP Financial Group Limited Enters into Share Purchase Agreement to Acquire Australian Broker Top 500 Sec PTY Ltd.

Retrieved on: 
Thursday, September 1, 2022

Pursuant to the Agreement, the Company agrees to acquire, and PRO800 Limited (the Seller) agrees to sell, 100% of the equity interest in the Target for a total consideration of $700,000.

Key Points: 
  • Pursuant to the Agreement, the Company agrees to acquire, and PRO800 Limited (the Seller) agrees to sell, 100% of the equity interest in the Target for a total consideration of $700,000.
  • The closing of the transaction is conditioned upon completion of due diligence reviews of the Target and any required regulatory approvals.
  • The Target is a profitable broker that owns an Australian Financial Services License (AFSL:328866) and is principally engaged in providing financial services business in Australia that includes arranging or providing financial advice on financial products such as derivatives, foreign exchange contracts, stock and bond issuance etc.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

TOP Financial Group Limited Announces Corporate Name Change

Retrieved on: 
Friday, July 22, 2022

Hong Kong China, July 22, 2022 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that on July 13, 2022, the shareholders of the Company approved an amendment to the Companys certificate of incorporation to change the Companys name from Zhong Yang Financial Group Limited to TOP Financial Group Limited.

Key Points: 
  • Hong Kong China, July 22, 2022 (GLOBE NEWSWIRE) -- TOP Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced that on July 13, 2022, the shareholders of the Company approved an amendment to the Companys certificate of incorporation to change the Companys name from Zhong Yang Financial Group Limited to TOP Financial Group Limited.
  • The Companys ordinary shares are trading under the symbol TOP and will start trading under the new corporate name TOP Financial Group Limited on July 22, 2022.
  • For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Zhong Yang Financial Group Limited Announces Results of Special Meeting of Shareholders

Retrieved on: 
Thursday, July 14, 2022

A total of 30,007,331 votes, representing 85.61% of the votes exercisable as of the record date of the special meeting of shareholders of the Company, were present in person or by proxy at the meeting.

Key Points: 
  • A total of 30,007,331 votes, representing 85.61% of the votes exercisable as of the record date of the special meeting of shareholders of the Company, were present in person or by proxy at the meeting.
  • The proposals were approved by the shareholders.
  • Ms. Junli Yang, Chairwoman of TOP commented: I would like to thank our shareholders for their strong support for these important changes, which we expect will enhance our corporate profile in the market.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Univest Securities, LLC Announces Closing of $25 Million IPO for its Client Zhong Yang Financial Group Limited (Nasdaq: TOP)

Retrieved on: 
Friday, June 3, 2022

Univest Securities, LLC served as lead book-running manager for the Offering; Valuable Capital Limited served as joint book runner.

Key Points: 
  • Univest Securities, LLC served as lead book-running manager for the Offering; Valuable Capital Limited served as joint book runner.
  • Ortoli Rosenstadt LLP served as counsel to the Company, and Hunter Taubman Fischer & Li LLC served as counsel to the underwriters.
  • Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov .
  • Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Zhong Yang Financial Group Limited Announces Closing of $25,000,000 Initial Public Offering

Retrieved on: 
Friday, June 3, 2022

Hong Kong China, June 03, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the closing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.

Key Points: 
  • Hong Kong China, June 03, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the closing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.
  • The Offering closed on June 3, 2022 and the Ordinary Shares began trading on June 1, 2022 on The Nasdaq Capital Market under the ticker symbol "TOP".
  • Univest Securities, LLC served as lead book-running manager for the offering; Valuable Capital Limited served as joint book runner.
  • Ortoli Rosenstadt LLP served as counsel to the Company, and Hunter Taubman Fischer & Li LLC served as counsel to the underwriters.

Zhong Yang Financial Group Limited Announces Pricing of $25,000,000 Initial Public Offering

Retrieved on: 
Wednesday, June 1, 2022

Hong Kong China, June 01, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the pricing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.

Key Points: 
  • Hong Kong China, June 01, 2022 (GLOBE NEWSWIRE) -- Zhong Yang Financial Group Limited (the "Company") (NASDAQ: TOP), a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services, today announced the pricing of its initial public offering (the "Offering") of 5,000,000 ordinary shares (the "Ordinary Shares") at a public offering price of $5.00 per share for total gross proceeds of $25,000,000 before deducting underwriting discounts and offering expenses.
  • The Offering is expected to close on June 3, 2022, subject to customary closing conditions.
  • Univest Securities, LLC is acting as lead book-running manager for the offering; Valuable Capital Limited is acting as joint book runner.
  • The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.