GMO Click Securities, the online trading subsidiary of Japan’s Internet conglomerate GMO Click Holdings Inc (TYO:7177), today unveiled plans that will substantially change its OTC Forex services, FX Neo in particular.
The broker has boasted some solid trading volumes on FX Neo lately, with the most recent proof being the rise in trading activity in March 2015. However, the company is now aiming at improving the offering and the performance of its over-the-counter Forex trading business. Hence, today’s announcement about the pending system migration.
The main aim of the technological improvements is to make OTC Forex trading faster. Next up, is to improve performance of the Web version of FX Neo. Last, but not least, new instruments are coming to the platform: EUR/GBP, EUR/AUD, NZD/USD, and GBP/AUD.
The current version of FX Neo will stop working on October 16, 2015. Its replacement, the new system for trading Forex OTC, should be up and running in September 2015. Users will be able to test the demo version of the new service as early as in July 2015.
The migration to the new service will be automatic, with all trading data (open positions, transactions, balance, etc) to remain the same. The company assures the users of FX Neo that the transition will be smooth.
The official announcement on the new FX trading system can be viewed here.