Japanese retail FX broker ArenaFX changes name after acquisition by Excite

Maria Nikolova

Effective today, ArenaFX becomes Excite One Co., Ltd, reflecting the name of its new owner.

Japanese retail FX broker ArenaFX is changing its name, effective today, the company announced today. The new name of the broker is Excite One Co., Ltd, reflecting the name of the new owner of the brokerage – online services provider Excite Japan Co., Ltd. (TYO:3754).

Excite announced the acquisition of a controlling stake in ArenaFX in the end of September 2017. The deal involved the acquisition of 4,702 shares of the outstanding share capital of the broker and is valued at JPY 159.9 million. Following the acquisition, Excite owns a stake of 88.9% in ArenaFX.

Nippon RAD Inc. (TYO:4736), the previous owner of the controlling stake in ArenaFX explained back then that the deal will allow it to focus on its core technology operations. It added that it will continue to support ArenaFX with regard to financial technology.

In its announcement on the acquisition, Excite underlined that it aims to diversify its offering and stressed the importance of the social trading services provided by ArenaFX. Indeed, ArenaFX is the single Japanese FX broker offering ZuluTrade.

Today, ArenaFX also emphasized that it will not make any changes to its offering although it has a new owner and that it will continue to offer ZuluTrade.

Let’s recall, however, that recently there have been changes in the offering of ArenaFX. In August this year, the company said it would stop offering the MetaTrader 4 (MT4) platform to its clients. The company attributed the move to “Forex restructuring” and set September 30, 2017, as the deadline for closing all positions on the platform.

The Japanese retail Forex sector has not provided us with that many examples of M&A deals over the past years, apart from some notable exceptions such as the acquisition of FXCM Japan by Rakuten Securities, a subsidiary of Rakuten Inc (TYO:4755), in 2015, and the acquisition of the retail clients of Planex Trade by Forex.com Japan in 2014.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.