Tradency’s RoboX adopted for TOCOM Japan commodities futures trading

TOCOM, The Tokyo Commodity Exchange, has announced that Japanese commodity brokers are going to introduce Tradency RoboX for commodity futures.

Four Japanese commodity brokers are already preparing for introduction. Several companies are planning introduction. The commodity futures version RoboX service is planned to be offered this fall.

The Tokyo Commodity Exchange(TOCOM) shared its belief that RoboX will lead to the activation of the commodity futures market and actively supports sales activities etc. to commodity brokers.

Tradency cooperates with NTT DATA to promote introduction of commodity futures version of RoboX, which is a robo-advisor equipped with AI and automatic trading functions.

In recent years, attention has focused on artificial intelligence (Al) and products and services incorporated it are widely offered in various companies. In the financial industry, FX automatic trading system are introduced by FX brokers and securities companies. The diffusion of utilized AI services are rapidly expanding.

Based on these trends, in the commodity futures industry as well, NTT DATA has developed Commodity futures version robo advisor with AI learning feature called “The automated trading system for commodity futures” in cooperation with Tradency (Israel headquarters) and provided it with three commodity futures brokers (one another company in preparation). This autumn is expected and scheduled to start to introduce services to customers.

The commodity futures version robo advisor has multiple investment strategies suitable for general investors’ risk tolerance and derive the transactions automatically based on the strategy selected by the investor from among them. It will allow less experienced investors for commodity futures trading to participate in the market easily.

In addition, the commodity futures version robo advisor can attract existing commodity investors as well as FX and stocks investors trading online. Those new potential customers are expected to contribute to the improvement of market liquidity and to increase in transactions.

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