The investment
and trading platform Moomoo has launched its online brokerage service. Starting
September 19, 2023, this service will grant Japanese investors access to 7,000
US stocks and ETFs, setting a new industry standard in Japan.
In addition, Moomoo
Japan will provide Japanese investors with a suite of trading tools, including
the Capital Flow Overview, Short Sale Analysis, and Institutional Tracker.
These tools allow investors to access crucial insights into market trends and
dynamics in the world of stock trading, the company said.
The CEO of Moomoo
Japan, Francisco Izawa, said: “We saw great interest in investing US
stocks in Japan, especially the younger generation. With the launch of our
online brokerage business, Japanese Moomoo users can now trade US stocks via
our proprietary moomoo app, just at their fingertips, while enjoying massive
free data, professional-level investing tools and news services, that help them
to make informed investing decisions.”
Besides that,
Moomoo Japan has announced a 24-hour trading service for Japanese investors. With
the service, traders have the opportunity to engage in round-the-clock trading
of 301 selected US stocks and ETFs, the company indicated. Moomoo made its debut
in Japan in October 2022 by introducing a comprehensive app that encompasses
market information, educational tools, and a global community of investors.
Moomoo’s step
arrives at a time when the foreign exchange
(FX) market in Japan is at a
significant transformation as it moves
from traditional trading methods to embrace the digital era. Recent data
indicates that electronic trading volume in Japan accounts for approximately
60% of FX cash trading volume. Comparatively, 76% of cash FX trading is conducted
electronically in North America, Europe, and Asia.
Japan’s FX
market
In Japan, the FX
market is rapidly evolving, thanks to the growing popularity of multi-dealer
platforms and application programming interfaces (APIs). According to research
released by Coalition Greenwich last month, a leading provider of analytics
and
insights for the financial services industry, this shift towards electronic
trading in Japan is set to continue.
The shift
towards electronic FX trading in Japan is further exemplified by the entry of
international industry players into the market. In March, Australian-based
broker ThinkMarkets launched
its online trading services in Japan, aiming to revolutionize trading
experiences through its proprietary app, ThinkTrader. Similarly, ACY Securities
expanded into the shares and CFDs market in Japan and Hong Kong, diversifying
its global presence.
The investment
and trading platform Moomoo has launched its online brokerage service. Starting
September 19, 2023, this service will grant Japanese investors access to 7,000
US stocks and ETFs, setting a new industry standard in Japan.
In addition, Moomoo
Japan will provide Japanese investors with a suite of trading tools, including
the Capital Flow Overview, Short Sale Analysis, and Institutional Tracker.
These tools allow investors to access crucial insights into market trends and
dynamics in the world of stock trading, the company said.
The CEO of Moomoo
Japan, Francisco Izawa, said: “We saw great interest in investing US
stocks in Japan, especially the younger generation. With the launch of our
online brokerage business, Japanese Moomoo users can now trade US stocks via
our proprietary moomoo app, just at their fingertips, while enjoying massive
free data, professional-level investing tools and news services, that help them
to make informed investing decisions.”
Besides that,
Moomoo Japan has announced a 24-hour trading service for Japanese investors. With
the service, traders have the opportunity to engage in round-the-clock trading
of 301 selected US stocks and ETFs, the company indicated. Moomoo made its debut
in Japan in October 2022 by introducing a comprehensive app that encompasses
market information, educational tools, and a global community of investors.
Moomoo’s step
arrives at a time when the foreign exchange
(FX) market in Japan is at a
significant transformation as it moves
from traditional trading methods to embrace the digital era. Recent data
indicates that electronic trading volume in Japan accounts for approximately
60% of FX cash trading volume. Comparatively, 76% of cash FX trading is conducted
electronically in North America, Europe, and Asia.
Japan’s FX
market
In Japan, the FX
market is rapidly evolving, thanks to the growing popularity of multi-dealer
platforms and application programming interfaces (APIs). According to research
released by Coalition Greenwich last month, a leading provider of analytics
and
insights for the financial services industry, this shift towards electronic
trading in Japan is set to continue.
The shift
towards electronic FX trading in Japan is further exemplified by the entry of
international industry players into the market. In March, Australian-based
broker ThinkMarkets launched
its online trading services in Japan, aiming to revolutionize trading
experiences through its proprietary app, ThinkTrader. Similarly, ACY Securities
expanded into the shares and CFDs market in Japan and Hong Kong, diversifying
its global presence.
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- Source: https://www.financemagnates.com//institutional-forex/moomoo-japan-steps-into-online-brokerage-offering-access-to-7000-us-stocks/
