Rakuten Securities will add a feature to its “MARKET SPEED II” desktop platform on July 19 that shows customers where their own orders sit in a stock's queue in real time.

The broker calls the tool, named “OrderBoost,” an industry first, though it defines that claim narrowly and says a related business-model patent is still pending.

The company, part of internet conglomerate Rakuten Group, said OrderBoost breaks the standard order book, known in Japan as the “ita,” into individual orders instead of showing only the combined size resting at each price.

Rakuten Securities and its rivals have been competing for a new generation of Japanese investors, and the broker's account base crossed 14 million in April.

What OrderBoost Shows Traders

OrderBoost has three parts, according to the firm. An "Order Indicator" displays the book order by order as bars, which the company said helps traders read large-investor activity and the balance of supply and demand.

An "Order Book List" shows every order resting at a chosen price, with quantities, in the sequence they were placed, so a customer can gauge how far their own order is from execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

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A third component counts corrections and cancellations for each stock in real time. Rakuten Securities said heavy order churn can point to algorithmic activity from large investors, a reading it framed as reference information rather than a confirmed signal.

The broker did not disclose how it calculates or verifies the queue position it displays.

That last point matters, because queue position from tools like this is generally an estimate that leans on the quality of the underlying data, not a guaranteed exact rank.

The Idea Is New in Japan, Not Worldwide

Showing a trader their place in the line at a given price is well-worn ground outside Japanese retail broking.

Bookmap, a charting platform used by futures and active traders, has for years displayed an approximate queue position built from order-by-order data, and it openly flags that the accuracy depends on the feed behind it.

Exchanges have built similar visibility into their own infrastructure. CME's market-by-order feed lets a participant locate their order in the queue using anonymous identifiers, while Cboe's EDGX equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term exchange tags retail orders on its market data feed so other traders can gauge their position.

What Rakuten is doing is packaging that kind of view for mainstream retail equity investors on a domestic-stock desktop tool.

Rakuten's "first" is scoped in a footnote to the five largest Japanese online brokers by account count, SBI, Matsui, Monex, Mitsubishi UFJ eSmart and itself, and it rests on the company's own comparison as of July 6.

Domestic rivals have been leaning on other products. SBI Securities launched crypto contracts for difference in September 2025, its first crypto product, and Monex has pushed its own US and digital-asset lineup.

On its own side, Rakuten has invested in a 24-hour US stock venue and rolled out AI research tools. With commissions on domestic equities already driven to zero, data features have become one of the few ways left for these brokers to stand apart.

Free Access Tied to Margin Trading

OrderBoost will be free for customers who make five or more domestic margin trades in a month, with access running from the day after they hit that threshold through the end of the following month, the company said. From July 19 to the end of August, Rakuten will open the tool to all account holders regardless of trade count as a trial.

MARKET SPEED II, first released in 2018, is a Windows desktop platform that handles domestic and US stocks and CFDs, with algorithmic order types and multi-window layouts.

Rakuten has kept adding functions to its trading tools, including pre-market and after-hours US trading earlier this year.

The broker, which describes itself as a "partner in asset building," did not say whether it plans to bring OrderBoost to its mobile app.