Japan's Line, Nomura launch zero-commission online brokerage venture

Japan's Line, Nomura launch zero-commission online brokerage venture

A neon sign is displayed inside Line Corp.'s research and development facility in Kyoto, Japan. Photographer: Tomohiro Ohsumi/Bloomberg

Line Corp. and Nomura Holdings Inc. said they launched an online brokerage venture which will charge zero commissions for trading in Japanese shares.

Instead, Line Securities Corp. will make money from the bid/ask spreads on the trades, the venture’s Co-Chief Executive Officer Yoshikazu Yonenaga said at a press conference on Tuesday.

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