Asia-Pacific's leading financial hub for electronic-trading will be home to over 700 professionals from the world of FX and derivatives markets. Tomorrow morning the much anticipated Forex Magnates' Tokyo Summit 2014 will officially commence at the prestigious Mandarin Oriental Hotel, conveniently located in the heart of the city near the Tokyo Stock Exchange & Tokyo Station.
The not-to-be-missed event both signifies and celebrates Japan's top position in the global FX markets. The Summit is nearly at full capacity, however for executives who have still not registered, they can do so by completing the registration form.
The second Forex Magnates' Tokyo Summit comes complete with the standard panel discussions, networking and exhibition. However, with all eyes on the erratic Japanese economy, Forex Magnates adds a special treat with a keynote speech by Eisuke Sakakibara, the former Vice Minister of Finance. The two action-packed days are a necessity for professionals involved in the most liquid asset class traded on earth.
The Japanese FX market has been facing a number of structural changes since new regulatory reforms were implemented. The amendments regarding the amount of leverage firms can offer, a key component of the margin FX product, were believed to be the demise of the industry. However, a recent spree of volatility in the Japanese yen since 2012 has given traders and the Mrs. Watanabes a reason to re-emerge.
The spike in trading activity, which saw several leading brokers top $1 trillion in monthly volumes, has resulted in a new trend among Japanese brokers going global. A number of leading players have started extending their reach to new markets from London to Sydney, a notion Forex Magnates believes will continue.
The China Market
After Japan, China is believed to be a goldmine for currency providers, the billion plus nation where speculation and speculative products (on any instrument that moves direction) have a sensitive spot among the Chinese.
Japanese FX brokers, like their western peers, are keen to take heed of the opportunities the China market offers, each firm defining its strategy accordingly, however, the beauty of online trading is that firms can target new markets using digital marketing techniques. Attendees keen to explore the Chinese market, a nation of 400 million plus internet users, can get all the know-how by sitting in at the keynote speech by marketing guru, Frankie Ho of China Search LTD, which will be full of useful insights and tips, taking place on day one at 4:30pm.
A number of Japanese multi-asset brokers have already extended their footprint into the Chinese market by setting up regulated entities in Hong Kong.
The two-day event has something for everyone, whether you're a technologist or a marketer or an up and coming CEO, the selection of panel discussions covers the most critical subject matters affecting FX & CFD brokerages in today's challenging environment.
The event will be hosting four panel discussions and two keynote speeches. Attendees can enhance their knowledge on marketing and business development by attending the 'Marketing and Beyond Panel' on the 29th of July at 14:30, where experts from leading brokers such as Nissan Securities, YJFX and FXCM will share their knowledge.
For aspiring executives and senior management at brokerages looking for breakthroughs, Forex Magnates' signature, CEO Success Stories Panel taking place on day one at 17:30, gives attendees a unique opportunity to learn from the best. Whether it's creating the ideal strategy or launching the next innovative platform, this panel is far better than any book or seminar, it's the reality of what works and what doesn't. CEOs speaking on the panel include Takeshi Kawaji of Invast Securities, Tatsuo Shigemitsu, CEO at SBI Liquidity .
The second day of the event will be equally full of thought provoking dialog with the regulatory and technology panels taking place, coupled with the exclusive keynote speech by the Japanese former vice Minister of Finance. The event will come to a close on Wednesday evening with closing drinks, however not before the Forex Magnates Award Ceremony which recognises firms in the domestic market.
Japan, once the world's second largest economy, has seen rival China replace it on global standings as the second largest economy on the planet. In a period where volatility is at record lows and margins are shrinking, will Japan sustain its 'gold medal position' in the world of currency trading?