The platform was first launched by TradeNext, a UK-based firm with a strong hold in India, in February 2013. Consequently, Tradable was selected by Japanese giant, Monex, Turkish bank, IS Investment and US listed broker GAIN Capital. Other providers include Valutrades, SVSFX, IC Markets and IronFX.
“Through the partnerships we have across the globe, we have realized that marketing Tradable to end-users presents a new and exciting opportunity, very different from that of other trading platforms. It provides a new dimension to brokers’ marketing efforts,” states the firm’s CEO.
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The onboarding of Monex has been a significant development for Tradable’s international use among FX traders, Monex, one of the largest FX brokers in the world, has a large retail audience where it can cross-sell the platform. The Tokyo-based broker first launched the platform at the Forex Magnates Tokyo Summit 2013, sources close to the matter explained that the broker has been working with Tradable and local regulators to ensure that the platform meets the Japanese financial watchdog’s stringent measures. Senior executives of the Japanese broker will be speaking at the forthcoming Tokyo Summit, over 400 industry executives have registered for the Summit, registration is open for those who have yet to register.
Trading platforms in the retail FX market have been monopolized by the success and popularity of one terminal. However, after a number of issues affecting third party developers and the closed nature of the platform, the market has evolved to explore new technologies that provide flexibility and give users the ability to customise according to their needs. The open-ended or open source market in financial trading has grown over the last two years, both in the retail and institutional market, and is expected to be the new ‘norm’ in trading technology.