Tradency is making a big push in Japan lately where its product is getting increased interest. Tradency’s most recent success was the launch with Invast Securities which resulted in 20,000 of Invast’s traders signing up for the platform within 7 months, this alone shows how big and active the Japanese forex market is. We interviewed Invast’s President Takeshi Kawaji who was very bullish about this product.
Although according to our research Japan’s share of global retail volume has steadily reduced from almost 50% to about 35% now, it is still the single largest forex market in the world. With spot fx volumes shrinking globally last few months surprisingly were very good for several large Japanese fx brokers (GMO for instance hit 8 months high in December) and brought with it a massive deal where Yahoo Japan acquired CyberAgentFX for $254 million. Japanese brokers now more than ever are looking into value adding products which can bolster their marketing and thus autotrading, binary options (despite unclear regulatory status) and even social networks are in pole position to profit.
Tradency recently expanded into CFD products as well.
January 4, 2013, Tokyo. Central Tanshi FX Co., Ltd.(CTFX), a leading Japanese Margin FX company and Tradency, originator of the Mirror Trading concept and developer of the trading platform – Mirror Trader, announced a new partnership. From late January the Mirror Trader platform will become available for CTFX entire client base.
CTFX is a subsidiary of Central Tanshi Co., Ltd., the largest money broker in Japan with more than 100 years of financial history. Backed by Central Tanshi’s tradition, confidence and high quality service, CTFX has a wide range of customer base managing more than 130,000 accounts and margin deposits of about 52 billion Yen (as of end Nov. 2012).
”Central Mirror Trader will provide FX investors with selected high performance strategies generated by world professionals and CTFX dedicated staff. It will also provide our customers with advanced back-testing functions and sophisticated communication methods. Central Mirror Trader will also simplify dramatically the access to system trading. We are confident that it will open up an entirely new horizon to FX trading and system trading for our investors.” said Kazue Matsumoto, President of CTFX.
CTFX expects the addition of Mirror Trader will appeal to its clients and will open for them a new gateway for investing in Forex, allowing an easy transition to live trading. Due to the “Trade by Knowledge” nature of the platform, traders feel empowered since they base their trading decisions on the actions of track-record proven, expert strategies. Mirror Trading functions are served as three complimentary trading methods: (i) Automatic Trading, (ii) Semi-automatic Trading and (iii) Manual trading, all delivering real-time information on the actions of a wide range of Forex & CFD strategies.
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During the last year Tradency has become extremely popular in the Japanese Forex market. Lior Nabat, Tradency’s Founder & CEO: “We are very excited about the integration of Tradency’s Mirror Trader platform into CTFX business offering. Japan is an important market for us, and the joint venture with a respectable financial institution such as Central Tanshi FX is a great vote of confidence to our technology and services.”
Nabat elaborates: “One of the main reasons for Mirror Trader’s success is that the platform encompasses a full spectrum of traders from novice to the experienced. All traders benefit from the vast amount of knowledge they have at their fingertips inside the platform. Often, users harness this knowledge to expand and improve their trading to alternative currency pairs or other financial instruments.”
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency’s Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice.
To find out more: www.tradency.com
About Central Tanshi FX Co., Ltd.
CTFX is a subsidiary of Central Tanshi Co., Ltd., the largest money broker in Japan with more than 100 years of financial history. CTFX was established in 2002 as a Forex broker, provider of trading platform, and an Information distributor. CTFX has a wide range of customer base managing more than 130,000 accounts and margin deposits of about 52 billion Yen (as of end Nov. 2012).
To find out more: http://www.central-tanshifx.com/