Japanese broking giant Monex Group announced today that its wholly owned subsidiary, Monex, Inc., has launched a functional enhancements version of TradeStation for active traders in Japan.
The Japanese broking giant, which acquired TradeStation for $411 million in 2011 and recently reported its July 2016 business metrics, has outlined the following details in its statement:
Launch of a functional enhancements version of TradeStation in Japan – new Japanese stocks trading tool
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Monex, Inc. has been offering an evaluation version of TradeStation’s new Japanese stocks trading tool in Japan for active traders since 29 March, 2016. Today it launched its functional enhancements version and downloadable application for iPhone, iPad and Android. The company aims to increase revenue through acquiring more users, number of trades or stock trading volume.
Positioning of TradeStation in mid and long-term strategy (Global Vision)
The Monex Group has been working on a ‘Global Vision’ mid and long-term strategy from FYE March 2012. TradeStation’s new Japanese stocks trading tool is an initiative for mid and long-term revenue growth and has been developed with the aim of acquiring active traders trading frequently, in addition to investors who make investments with a view of mid and long-term asset building and who are the existing main customer base of Monex, Inc.
Monex Group will enter into a profit-increasing phase upon completing business investment and system development based on its ‘Global Vision’.
TradeStation’s new Japanese stocks trading tool in Japan is positioned as one of the measures to increase the group’s profit in FYE March 2017.