First broker outside the UK to offer Tradable apps trading to clients.
Tradable’s trading apps store continues to roll. After we earlier reported that two FSA-regulated brokers, Tradenext and SVSFX, became the first brokers to support Tradable apps, now comes official word (see press release below) that Monex of Japan will be rolling out Tradable apps to its clients.
Monex is a mid-size broker in Japan — as we reported Monex did its best-ever monthly volumes in April of $54 billion, as compared to Japan market leader GMO Click which did more than $900 billion. However Monex is a very influential broker, being one of the few Japanese brokers to have a presence outside of Japan, via its acquisitions of TradeStation and IBFX in the US.
This is therefore a very important step for Tradable — the credibility of having a broker like Monex launch Tradable apps, as well as just entering the large Japanese market.
We don’t think that brokers will rush to drop their MT4 or web trader systems just yet. But it seems as though Tradable is becoming an interesting option for traders.
Forex Industry Report
COPENHAGEN, May 9, 2013 – Monex, Inc., today announced that it is partnering with tradable to offer the revolutionary trading platform to its client base of 1,300,000 traders in Japan.
The partnership is tradable’s most significant announcement to date and marks a major step forward in their rapid global expansion plans. It is a significant coup for tradable to be entering the Japanese market just six months after launching its beta version.
Voted the most innovative financial product at the ForexMagnates Summit in London 2012, tradable allows traders to create a completely customised online trading platform using third party developed apps to fully define their trading experience. The tradable environment, with its innovative ‘app-store’ model, has generated much interest amongst the retail trading community. In partnership with Monex, the localized version of tradable will be available for Japanese retail traders within a few months.
Oki Matsumoto, CEO of Monex comments, “Our partnership with tradable reflects Monex’s strategy of introducing our clients to the most innovative products on the market – and we are therefore delighted to be the first Japanese broker to adopt and roll out tradable. Our clients will benefit from having access to the most exciting trading tool in the marketplace. They will be able to create their own customized trading tools by putting together the apps they most like. This is a great partnership for both Monex and tradable.”
Christian Frahm, Executive Chairman of tradable comments, “Monex is one of Japan’s most prestigious financial services brands and we couldn’t have asked for a better partner to be the first mover with tradable in Japan.
“Japan is a key market for tradable. Industry figures show that 35-40% of the retail FX volume comes from Japan – so our new partnership with Monex marks a key milestone in accelerating our growth and strengthens our position as the eco-system for trading. We know it has taken over a decade for other trading platforms to have a strong presence in Japan but we always envisioned tradable to be ‘born global’. After receiving fantastic feedback from the Japanese trading community, we are excited to be entering the Japanese market so quickly with Monex, the industry leader and a renowned innovator, as our partner.”
Monex provides individual investors with the best financial services and liberal access to the capital markets. For more information on Monex, visit www.monexgroup.jp/en
tradable is a ground breaking open API front-end trading platform. For further information, visit www.tradable.com