SBI Securities Enhances Trading Opportunities with New SOR and PTS Orders

SBI Securities, headquartered in Minato, Tokyo, has announced the introduction of Smart Order Routing (SOR) orders and Provisional Trading System (PTS) orders for new general credit transactions starting January 13, 2026. This initiative aims to improve price efficiency and expand trading opportunities for individual investors.

Since launching PTS trading in 2007, SBI Securities has been a pioneer in Japan's stock market, implementing SOR orders in 2011 that automatically compare prices across multiple markets to execute trades at the best available prices. In 2019, they began offering PTS credit transactions, emphasizing their commitment to enhancing market competitiveness and providing better investment conditions for their clients.

Previously, general credit transactions were limited to the Tokyo Stock Exchange, but with this new development, traders will have access to SOR and PTS orders on the Japan Next Securities-operated PTS market. This shift aims to bolster individual investor opportunities significantly.

What are SOR Orders?

SOR (Smart Order Routing) orders allow investors to execute trades at optimal market prices by comparing the quotes from various markets. For example, the SOR system monitors the best price offers from five different venues: SBI Cross (dark pool), the preferred market (Tokyo Stock Exchange), Japan Next PTS’s J-Market (1st market), X-Market (2nd market), and the Osaka Digital Exchange PTS market. By evaluating these prices, the system ensures that orders are automatically executed at the most favorable conditions available.

Currently, approximately 30% of the trading volume at SBI Securities is attributed to PTS transactions, yielding significant price improvement benefits, estimated at around 1.7 billion yen in a single month. This accomplishment illustrates the effectiveness of their pricing strategies, enhancing the overall experience for their clients.

Zero Commission Revolution

Emphasizing their “Zero Revolution” initiative, SBI Securities offers zero trading fees for stock and margin transactions for clients who meet certain criteria. This, combined with price improvement effects, creates a highly efficient investment environment for their users.

The new inclusion of SOR and PTS orders in general credit transactions is expected to provide even more advantageous trading opportunities, contributing to the asset formation of individual investors. SBI Securities is continually committed to providing high-quality service at the lowest commission rates in the industry, focusing on product and service enhancement.

How SOR Orders Work

Here’s a simplified illustration of how SOR orders are processed. Based on SOR assessments, orders may be split and executed across the preferred market, PTS markets, and the SBI Cross. The system compares the best bid prices from the preferred market and limit orders to ensure that trades occur at equal or more advantageous prices.

Key features of the SOR orders include:

- Zero Trading Fees: Clients who qualify under the Zero Revolution will enjoy trading without commissions, leading to further savings.
- Automatic Best Price Execution: The system autonomously evaluates and executes orders at the most favorable prices available across five markets.
- No Special Setup Required: Investors can utilize these features without extensive settings or cumbersome procedures; they are readily accessible.

For more information on SOR orders, visit SBI Securities’ comprehensive service page. As a regulated financial service provider under the Kanto Local Finance Bureau, SBI Securities is a member of multiple financial associations, ensuring trust and compliance in its operations.

Conclusion

The launch of SOR and PTS orders is a notable enhancement in destination to improve trading experiences within Japan's stock market. As SBI Securities continues to innovate and develop its services, individual investors will undoubtedly benefit from the expanded options and features designed for their success.