Tradency just announced that they scored a major deal for their Mirror Trader platform and will launch it with Invast Securities in Japan. The whole concept of MT4 and algo-trading in forex is relatively fresh in Japan and just started to pick up. This puts Tradency and the more aggressive foreign MT4 brokers in pole position to take a nice cut of the local market share if this trend continues.
Forex Magnates Q3 report puts Invast as 4th largest Japanese broker in terms of money deposit at $571 million.
November 28, 2011 — Tradency BVI, the developer of advanced technology for online Forex trading, has announced that its Mirror Trader platform has been launched by one of Japan’s largest securities companies: Invast Securities Co., LTD of Tokyo. Invast is a member of the Tokyo Financial Exchange (TFX) and the Osaka Securities Exchange, listed on the JASDAQ market. According to Invast reports, the company holds the largest amount of Forex Margin deposits in the TFX exchange.
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Traders at Invast now have access to Tradency’s Mirror Trader, an innovative platform that allows traders to monitor and mirror trades of strategy developers from around the world. The Mirror Trader supports automatic, semi-automatic and manual trading and delivers real-time information on the actions of a wide range of Forex strategies.
“Invast is one of Japan’s most respected securities brokers, and as such they recognize the need to access the best tools available to provide information on market activity and to help their clients execute strategic trades. Our solution makes this offering available to Invast and their clients. We believe that Invast clients will appreciate the wealth of information that is now available to them for making trades in foreign currency,” said Lior Nabat, president and CEO of Tradency.
“We are very excited about the integration of Tradency’s Mirror Trader platform. It meets our demand for intelligent, real time delivery of information and excellent performance.” said Yasushi Hayashi, Chief Technology Officer of Invast.