A smart move from ThinkMarkets and enters the infamous domestic-centric but extremely lucrative Japanese market through the acquisition of an existing company.
Online Electronic Trading Company ThinkMarkets has recently acquired a Japanese subsidiary holding a Type 1 financial instruments business operator license from the Japanese Financial Services Agency (JFSA), Japan’s principal regulatory body, to enter the foreign exchange market in Japan. With this license, clients gain access to the company’s proprietary mobile first trading platform ThinkTrader, which will soon be launched in Japan.
Japan is a great market and is home to over 35% of all retail FX orders, but it is notoriously centered around domestic market companies, many of which are absolute giants and each over $ 1 trillion per year. Month in nominal volume, purely within the Japanese market, which consists of autonomous dealers. Many companies have tried to enter the market, but it is very much aimed at Japanese retailers who are loyal customers of Japanese companies, which is why ThinkMarkets’ approach to buying an existing company is a pragmatic one.
“Tokyo is one of the world’s largest trading centers for forex trading, so the expansion of our brokerage services with the addition of FX in Japan is an exciting milestone for us as we continue our global expansion,” said Nauman Anees, CEO of ThinkMarkets. “This announcement is also important because it coincides with the opening of our Tokyo office.”
TF Global Markets Japan Ltd is the company name of ThinkMarket’s office in Japan, headed by the newly appointed industry expert Koike Kazuhiro, who will lead the company’s activities in Japan as CEO. Kazuhiro’s experience includes previous management positions in the Nasdaq Japan Exchange, Credit Suisse Group, as well as listed companies such as Traders Securities.
“Adding Japan’s currency markets to our existing brokerage services will appeal to current currency traders, while our opening of an office in Tokyo will allow us to better meet the needs of local clients,” Kazuhiro said. “We look forward to this new chapter in the company’s history.”