• Kyodo News


Monex Group Inc. will merge its brokerage unit, Monex Inc., with Orix Securities Corp., an arm of Orix Corp., around next May, the two companies said Wednesday.

The deal between Monex Group, the industry’s third-ranked company in terms of revenue, and seventh-ranked Orix Securities will create Japan’s second-largest online brokerage in revenue, after SBI Securities Co.

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