Breaking: Dukascopy Japan Officially Launches after Successful Acquisition
- The launch of Dukascopy in the country comes after its voluntary withdrawal earlier this year on the back of the acquisition of Alpari Japan
The Japanese subsidiary of Dukascopy has officially re-enabled new account opening as of today. The move comes after the company voluntarily suspended its unregulated operations in the country. Shortly before the Swiss bank acquired the Japanese subsidiary of Alpari, the company announced the ceasing of its operations in the country.
Speaking to Finance Magnates reporters the Chief Financial/Risk Officer of the company, Laurent Bellieres, said, “When we started discussions with the Japanese Financial Services Agency about the prospects of Dukascopy Bank purchasing Alpari Japan, they requested as a condition that we stop servicing Japanese residents. We had only a few clients and we decided to close those operations.” “We are delighted to be targeting the Japanese market in full compliance with local regulations. It is the largest Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market in the world and we are happy to be able to deliver our brokerage services in this country. Furthermore, we are happy to inherit an experienced team from Alpari Japan.” he added.
With the Japanese market continuing to show solid volumes this year the company is opening a new growth opportunity after reporting strong financial results for the first half of 2015.
In contrast to their global peers, Japanese brokerages have reported strong figures for the month of September even as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the Japanese yen has declined somewhat. Japanese savers are actively pursuing opportunities to diversify their savings in a multi-decade low interest rates environment, which is likely to persist for the foreseeable future.
Dukascopy Japan has started offering its services in the country through its JForex platform.
The Japanese subsidiary of Dukascopy has officially re-enabled new account opening as of today. The move comes after the company voluntarily suspended its unregulated operations in the country. Shortly before the Swiss bank acquired the Japanese subsidiary of Alpari, the company announced the ceasing of its operations in the country.
Speaking to Finance Magnates reporters the Chief Financial/Risk Officer of the company, Laurent Bellieres, said, “When we started discussions with the Japanese Financial Services Agency about the prospects of Dukascopy Bank purchasing Alpari Japan, they requested as a condition that we stop servicing Japanese residents. We had only a few clients and we decided to close those operations.” “We are delighted to be targeting the Japanese market in full compliance with local regulations. It is the largest Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market in the world and we are happy to be able to deliver our brokerage services in this country. Furthermore, we are happy to inherit an experienced team from Alpari Japan.” he added.
With the Japanese market continuing to show solid volumes this year the company is opening a new growth opportunity after reporting strong financial results for the first half of 2015.
In contrast to their global peers, Japanese brokerages have reported strong figures for the month of September even as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the Japanese yen has declined somewhat. Japanese savers are actively pursuing opportunities to diversify their savings in a multi-decade low interest rates environment, which is likely to persist for the foreseeable future.
Dukascopy Japan has started offering its services in the country through its JForex platform.