One of the largest brokerages operating in Indonesia, Monex Investido Futures, has announced a partnership with eFXplus. The brokerage will incorporate the firm’s innovative news analytics service that combines research from a variety of financial institutions on the sell side of the institutional FX market.
Traders are supplied with ideas by professional investors and major investment banks and can take actions based on the information. The news highlights the growing importance of providing additional value to clients of online brokerages.
With growing regulatory pressure, the educational component of a broker’s offering is likely to take center stage in marketing. Monex Investido is joining a likely trend, starting with its premium clients.
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The services of eFXplus will be available via API to the high-net worth clients of the brokerage.
Commenting on the news, the broker’s CEO Jeffrey Ng said: “Monex understands eFXplus as an essential tool to help its premium clients to expand their analytical market views and trading opportunities.”
eFX Managing Director Mark Melhorn Ph.D. adds: “eFXplus provides the sophisticated FX trader with real-time FX data via its optimized recording and tracking tools and Monex’ HNW clients are now part of this circle.”