UPDATE 1-Daiwa Sec plans govt bond mkt for retail clients-Nikkei

Mon Jun 29, 2009 2:17pm EDT
 
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June 30 (Reuters) - A unit of Daiwa Securities Group Inc (8601.T) plans to create a market for retail customers to trade variable-rate 10-year Japanese government bonds by as early as September, the Nikkei business daily reported.

The unit, Daiwa Securities Co, plans to make the instruments more marketable by letting investors trade them with each other at any time using its proprietary trading system, the newspaper said without citing sources. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Himani Sarkar)