Rakuten Securities Adopts Tradency's AI Trading Advisor, RoboX

Rakuten Securities, one of the largest FX brokers in Japan and subsidiary of conglomerate Rakuten Inc, today announced that it has collaborated with Tradency to launch its RoboX service.

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As a result of this newly formed partnership, the RoboX service will became available to Rakuten Securities' retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders. Rakuten will become the first broker to offer this service in Japan, and will also add RoboX to its global financial services.

“As global financial technology evolves, we are also aiming to develop and provide new financial services that utilize artificial intelligence, etc,” says Hiroaki Nagakura, Rakuten Securities Senior Executive Officer and Global Head of FX Business, FX Business Division. “By providing our customers with Tradency’s robo-advisor service RoboX, we believe it will be the best opportunity for Japanese individual investors to try new technologies.”

“Being chosen by Rakuten is a sign of trust for us,” says Gil Eyal, Tradency co-founder and president. “We have invested in developing our role in the Japanese financial technology market for more than a decade, and believe that this new partnership with Rakuten, reflects our position as one of the top providers of this market.”

RoboX is a robo-advisor for the FX market that helps ensure that retail clients remain engaged via continually selecting relevant trading strategies. Back in November 2016, the Financial Commission (FinaCom), an independent self-regulatory Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term specialist for the financial services industry, announced the certification of Tradency’s automated trading advisor.