Forex Magnates has learned that tradable, the innovative Danish apps based platform, is partnering with Monex Group, one of Japan’s largest brokers. It seems that tradable’s platform will be localized for the Japanese audience. Sources tell us that tradable has been working closely with Monex to adapt its platform to Japanese environment with Monex’s help and that Monex will in return be the first and so far only provider of the platform in Japan. Monex, who recently acquired TradeStation and Interbank FX in the US, thus becomes the first Japanese broker to go live with tradable.
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Up until now only a handful of European brokers have made this move with London based Tradenext being the first. Japan is not an easy market for foreign technology companies – both Metatrader and ACT aren’t pioneering the local market which is rather controlled by local system providers making this move for tradable a strategic one. tradable also recently partnered with Ireland based First Derivatives to offer FD’s liquidity management and reporting tools through its platform. It would certainly be very interesting to see the feedback and adoption rates by the Japanese traders to this platform as they much differ from the European ones.
We’ve reached out to both companies for a comment.