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Screenshot of a breaking news alert e-mail from Q2 2017
Monex had recently launched TradeStation in Japan, its first deployment outside the US and Europe.
It seems as though the braintrust at Monex has big Far East plans for TradeStation, which it purchased in 2011 for more than $400 million. The Japanese forex broker has announced that its TradeStation platform will soon be available to Korean traders in their local securities and futures markets (KRX), via a strategic alliance with Shinhan Investment Corp., one of Korea’s largest investment and brokerage firms.
Shinhan will have the exclusive right to offer TradeStation to its customers and the entire Korean investor market.
Phase I of the TradeStation trial with Shinhan is already underway, and the full Phase II ‘live’ offering is expected to be launched this May.
We reported just last month that Monex is launching TradeStation to its own Japanese customers, marking TradeStation’s first full deployment outside of the US and Europe. We doubt that the Shinhan deal will be the last such one in that part of the world.
For the complete Monex-TradeStation-Shinhan press release click here.
Forex Industry Report