Salomon Sredni to Leave Monex Director Position in March

The Chief Executive Officer of TradeStation, Salomon Sredni, is set to retire from the board of directors of Monex Japan effective March 31st 2016. The Japanese parent company is reshuffling its board now that the firm has sold off its US and Australian accounts at IBFX to OANDA. The accounts of clients of IBFX who have not objected to the transfer to OANDA were transferred last Friday after the market close.

At the time, the financial terms of the transaction were not disclosed.

Sredni has been serving as Chief Executive Officer of TradeStation since 2007, and kept his position after the company was acquired by Monex Group in 2011. Following the sale of TradeStation’s foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading accounts under the IBFX subsidiary, Monex is continuing to evaluate its options for the US business.

The TradeStation platform, widely popular amongst high net worth retail investors and some institutional investors, was kept by Monex. After the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term the company deployed TradeStation to Japanese users and is said to be working on a Chinese version.

That said, the core business of Monex remains in Japan and at present there are no definitive indications about what is the adoption rate of the platform in the country.

Update: TradeStation has issued an announcement that Sredni will also be leaving his positions at the U.S. subsidiary of the company and will be succeeded by John Bartleman.