GMO Click Securities, the online trading subsidiary of Japan's Internet conglomerate GMO Click Holdings Inc (TYO:7177), today unveiled plans that will substantially change its OTC Forex services, FX Neo in particular. The broker has boasted some solid trading volumes on FX Neo lately, with the most recent proof being the rise in trading activity in…
Read moreFXCM Japan Securities Co., Ltd today addressed its customers to officially confirm that it is now a subsidiary of Rakuten Securities, arm of Rakuten Inc (TYO:4755). The announcement said the deal that saw Rakuten Securities pay $62 million to acquire the Japanese operations of US Forex broker FXCM Inc (NYSE:FXCM) was successfully completed on April 1,…
Read moreMonex Group, Inc. (TYO:8698), the Japan-headquartered group of retail FX brokers, has just announced its operating metrics for March 2015, with global Forex volumes recording a double-digit rise against February 2015. Thus, Monex has joined the raft of online trading companies that seem to have benefited from improved volatility in the FX markets in March.…
Read moreEfforts by online trading companies to respond to the latest trend in mobile technology have led to another application for Apple Watch devices coming to life. Rakuten Securities, the subsidiary of Rakuten Inc (TYO:4755) that is on the verge of finalizing the purchase of FXCM Japan, has today announced the launch of an iSpeed application…
Read moreMonex Group, Inc. (TYO:8698), the Japan-based group of Forex brokers, this morning published its 16th Global Retail Investor Survey. The survey, conducted in late February and early March 2015, covered the opinions of retail investors in Japan, China (Hong Kong) and the United States on global Forex and stock markets for the following three months.…
Read moreFXCM Inc (NYSE:FXCM), a giant in the retail Forex industry, announced today that Rakuten Securities, Inc., a subsidiary of Rakuten Inc (TYO:4755), will acquire its Japanese operations in a deal worth approximately $62 million. The definitive agreement has been reached amid FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) and Rakuten. The deal will see…
Read moreInvast Securities Co., Ltd. (TYO:8709) has managed to benefit from improved volatility in the Forex market in late 2014 and to return to profitability in the quarter to the end of December. The online trading group, which has operations in Japan and Australia, posted ordinary income of JPY 272 million (USD 2.24m/EUR 2.11m) for the…
Read moreMonex Inc, the Japanese retail Forex broker, earlier today posted some of the financial metrics for the first month of 2015, with numbers painting a rather gloomy picture, as revenues fell on an annual and monthly basis, while financial expenses rose. Let's start with the operating revenues which amounted to JPY 4.53 billion (USD 38…
Read moreAlpari Japan K.K., the Japanese subsidiary of Alpari UK, which is now under special administration, announced today the pending halt of its offering of Metatrader 4 (MT4) and Alpari Direct. The broker will stop supporting trading on the platforms from March 13, 2015. All clients are now instructed to get their trade reports and different…
Read moreMonex Group, Inc. (TYO:8698), the international group of Forex brokers, earlier today announced the financial metrics for the third quarter of its fiscal year. The three months until the end of December 2014 saw a drastic turn in the group's fortunes, as the corporate income swung back into black, following a gloomy second quarter marked…
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