The Japanese MONEX Group has announced today, January 15th, it will be launching a customized version of the American developed trading platform, TradeStation, later this month in Japan.
The TradeStation platform is a product of the Florida-based online multi-asset broker bearing the same name. The MONEX Group acquired the TradeStation Group, comprised of TradeStation Securities and TradeStation Technologies, Inc., in April 2011, in order to gain a foothold in the U.S market.
The MONEX group stated in the announcement that the new version of TradeStation is specifically tailored for the needs of Japanese investors, with features like automatically calculating local taxes applicable in Japan, while keeping many of the key features of its U.S. counterpart.
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A much more limited platform developed by TradeStation was introduced by MONEX to the market in Japan in late 2012, in order to enable Japanese retail investors to trade U.S. equities. The new expanded version, scheduled to be launched on January 27th, will be downloadable to a desktop computer and allows Japanese traders to develop technical analysis-based investment strategies using TradeStation’s popular “EasyLanguage.”
The MONEX Group describes the move to offer the TradeStation platform in Japan as part of its “Global Vision,” a mid and long-term business strategy which aims to offer differentiated trading products and services to retail investors.