MetaQuotes Sets Eyes on the Biggest Retail Market in the World
After the company’s trading platforms didn't become particularly popular in Japan, the software company decided to open an office in
Victor Golovtchenko
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Technology
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Retail FX )
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2015-10-20T13:22:26+00:00
2015-10-20T13:22:26+00:00
In what is another major testament to the appeal of the Japanese market to forex trading technology providers, MetaQuotes has become the latest company to open an office in the country. The Japanese market has continued to be a lucrative spot for brokers and traders alike, as the former enjoys massive volumes, while the latter the world’s tightest spreads.
The software developer behind the most popular trading platform in the world, MetaTrader, has decided to establish a local subsidiary in Tokyo, calling it MetaQuotes Japan. With the latest office addition, the company has now reached a dozen representative offices globally.
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The move also marks the fifth company office in the Asia-Pacific region after Australia, China, Singapore and Thailand. Commenting on the expansion, the Chief Operating Officer of MetaQuotes, Gaies Chreis, said, ”Expanding our representative offices is an important element of the MetaQuotes Software global strategy. This will invigorate our activity in the region and allow us to reach new clients.”
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Looking to provide its services to banks and brokers alike, MetaQuotes Japan will not be limiting its presence in the country only for sales. MetaQuotes will also be maintaining some operations in the country with technical support for all of the products that the company offers, including its MetaTrader 4 and MetaTrader 5 trading platforms and an enterprise management system called TeamWox.
Head of Japanese office
Joining the company as Head of the company’s Tokyo office is Tadao Matsumoto, who served as Senior Manager and Chief of IT at one of the big forex brokers in the country – FXTrade Financial Co.
The Head of MetaQuotes Japan, Tadao Mitsumoto, commented on his appointment, “Our main task at the moment is to promote the MetaTrader Technology among local brokers and traders. It is much easier to achieve this now since the distance and language barriers are finally lifted.”
FM has yet to do an article about other popular algo trading programs (fx) aimed at Japanese residents. I find it hard to believe that Japanese folks would not appreciate or have a favorite algo-capable platform.
@Jon – as mentioned in the past, its just not an in-demand product. There is a huge semi-professional base of traders in Japan that are click traders, but use non-automated systems for trading. Worth watching is a company called Apaca that I covered this week of which the founders are Japanese and could find strong demand for their solution in Japan.
metaquotes will not last too long, they opened some offices in the world but few of them are profitable. mt4 will last for few more years but once mt4 is over meta will be over too.