Matsui Securities in Talks With Firms on Capital Tie-Up

Matsui Securities Co., one of Japan’s pioneers for online trading, has begun talks with several major domestic financial institutions over a possible capital alliance, people familiar with the matter said.

The discussions are at an early stage, according to the people, who asked not to be identified discussing private matters. The involved parties need to agree on the possibility of a share sale, the price, and the specific actions the companies will take, and there’s still a chance that a deal won’t be reached, the people said. Matsui’s shares jumped as much as 4.9% and closed 2.3% higher on a day when the overall market dropped.