Japan’s Monex to decommission downloadable version of TradeStation tool for US stock trading

Maria Nikolova

After the suspension of offering of the downloadable tool, traders can use its web or smartphone versions.

Japanese retail Forex broker Monex Inc, a subsidiary of online trading services provider Monex Group, Inc. (TYO:8698), has informed its clients that it will stop supporting the downloadable version of the TradeStation tool for US stock trading.

The change is scheduled for October 18, 2018. After that, clients of the broker can use the web and the smartphone versions of the solution.

After the broker stops offering the service, a trader would see an error sign when trying to log in. The company advises traders to uninstall the tool from PCs. Traders are encouraged to contact Monex’s customer service as some types of orders may not be editable after the transfer.

While decommissioning the downloadable tool, the broker is enhancing the capabilities of the TradeStation web trading tool. Users of this solution will be able to make use of features that have been traditionally available solely in the downloadable version, such as Matrix, News and Hotlists.

Let’s note that the change is announced amid a growing use of smartphone apps by clients of Monex, as indicated in a recent report. The report says there is a record high percentage of smartphone app users among the active US equity traders who use the services of Japanese broker Monex, Inc – 25% in June 2018.

Monex Group has been committed to the implementation of new technologies and solutions. Monex Adviser, which was launched in October last year, has seen marked development. The investment balance is about JPY 1 billion as of June 30, 2018, compared to a balance pf about JPY 780 million at March 31, 2018. Monex Adviser is a robot adviser service where customers can determine their own investment policy and easily manage their assets with the support of professional advice.

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