Online Broker Moomoo Aims to Grow in Japan’s Options Market

Moomoo Securities Japan Co., a digital brokerage, plans to expand its business in single-stock options for Japanese equities to capitalize on growing demand from the country’s retail investors.

“Investor interest in options is actually much stronger than we had expected,” said Francisco Izawa, the head of Moomoo, a subsidiary of Futu Holdings Ltd., which is backed by Tencent Holdings Ltd. The brokerage hosted an options trading event in Tokyo this month, attracting 3,000 registrations for 500 spots.