Gold-i's Japan rep XBridge secured the sale.
Readers of our column will recall that we reported back in December that UK-based Gold-i, one of the leading providers of MetaTrader-related software and connectivity solutions, had targeted the Japanese market for expansion by partnering with Tokyo-based MetaTrader distributor XBridge, and introducing a plug-in for its MT bridge specifically to adhere to Japanese regulations.
Apparently the partnership has borne fruit, as Gold-i announced they have signed up their first client in Japan for their Gold-i Gate Bridge for MetaTrader4, MT4-based Japanese FX broker CyberAgent FX. CyberAgent FX is among the top 10 online FX firms in Japan by volume. It is a subsidiary of Internet services company CyberAgent, which is publicly traded on the Tokyo Stock Exchange, with a market cap of about $1.8 billion (¥150 billion).
The Gold-i announcement hi-lites the increasing competition in the software-for-Forex-dealers business, centered mainly around:
For more information on the global FX industry see the LeapRate-Dow Jones Forex Industry Report.