Feeds

Sony plans online trading venture

Or at least, it thinks about planning it

  • alert
  • submit to reddit

Reducing security risks from open source software

Sony is to team up with US outfit Charles Schwab to launch an online stockbroking system, according to Japanese reports. The service would initially be offered in Japan, where there are already a couple of online trading outfits. According to the reports the joint venture company will be formed before the end of the year, and will offer stock, unit trust and mutual fund trading. Sony however declines to confirm that the project has the green light. But then for Sony it must be a particular difficult question. The company has in the past attempted to extend its reach out from hardware to the 'software' that runs on it, but in the cases of music and movies its investments turned out to be ill-judged. The depressed state of the Japanese economy, together with its special characteristics, also make new financial ventures in Japan problematic. Japanese consumers have large cash reserves salted away in low interest accounts, so the possibility of earning a lot more via stock trading at low commission rates might be attractive to them. But current Japanese stocks might not be attractive to them - perfectly reasonably, as much of Japanese industry doesn't look like much of a bet these days. Sony may build it, and then find the money stays in the mattresses. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.