Announcement of Subsidiary’s Release

TOKYO, June 5, 2020 – Monex, Inc., a subsidiary of Monex Group, Inc., issued the following press
release today.
Attachment: Monex, Inc. press releaseMonex to introduce PTS margin trading
SOR orders can be placed for both system and general margin trades

Contact: Akiko Kato
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-8698
Yuki Nakano, Minaka Aihara
Investor Relations, Financial Control Dept.
Monex Group, Inc.
+81-3-4323-8698
This material was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy
securities in the U.S.

Press ReleaseMonex to introduce PTS margin trading
SOR orders can be placed for both system and general margin trades
TOKYO, June 5, 2020 – Monex, Inc. (headquarters; Minato-ku, Tokyo; Representative Director andPresident: Yuko Seimei; hereinafter, Monex) is pleased to announce that starting Monday, June 8,2020 (transaction date, tentative), it will begin offering Japanese stock margin trading using
Proprietary Trading Systems (PTS).
■ Background
In June 2019, Monex introduced smart order routing (SOR) services for Japanese stock cash tradeorders. SOR automatically compares the Tokyo Stock Exchange, Japannext PTS, which is operated
by Japannext Co., Ltd., and dark pools (*1), and then systematically selects the best available
transaction execution market.
With this service, pricing benefits were seen in 93.7% (*2) of SOR transactions fulfilled in markets
other than the Tokyo Stock Exchange.
Since the lifting of a ban on PTS transactions on margin trading in August 2019, Monex has worked
to enable PTS transactions for both system margin trading and general margin trading. PTS
transactions provide customers a better investment environment for Japanese stocks by enablingpricing benefits similar to our cash transaction services.
■ Overview / Features（1）Execution markets
SOR orders for margin trades select either the Tokyo Stock Exchange or PTS as the execution
market. Margin trade orders are not executed in dark pools. However, because PTS margin trades
can only be placed through SOR orders, orders cannot specify PTS only.
（2）Available for either system or general margin trading
PTS margin trading can be used for both system and general margin trading. Monex offers PTS
system margin trading of all stock issues prescribed by Japannext PTS.
（3）Repayments can be made across the Tokyo Stock Exchange and Japannext PTSWith SOR orders, open interest can be repaid into other markets. Open interest on the Tokyo Stock
Exchange can be repaid into Japannext PTS, and alternatively, open interest on Japannext PTS canbe repaid into the Tokyo Stock Exchange.
*1 A dark pool is an execution system in which securities companies match orders from their customers withthose of institutional investors, and, when matching orders with better pricing are identified, execute those orders
in the ToSTNeT Market in the Tokyo Stock Exchange. The name dark pools derives from the fact that the orderinformation on the system is not made public.
Only customers who have either margin trading accounts, including Start Margin Accounts, or future and option

accounts, including long-only accounts, are offered the connection to dark pools.
*2 The ratio of the number of transactions that saw pricing benefits among all eligible transactions that used SORorder services between January 6, 2020, and March 31, 2020. Includes dark pool executions. Determination ofpricing benefits was evaluated by a third party based on the company’s definitions.