Monex to launch new AI service for Forex traders

Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), is planning its next push into Artificial Intelligence. The company has unveiled a partnership with technology expert HEROZ Inc which is set to result in a new service for Forex traders.

The main goal of the new service, whose launch is scheduled for January 2018, is to help Forex traders improve their trading strategy. An AI solution, called “HEROZ Kishin” will be at the basis of the analysis of transaction trends and history. Traders will be able to make use of an analysis of strong/weak patterns, trading times, etc.

The name of HEROZ is known to AI fans in Japan. The company is behind AI solutions that have defeated professional shogi (Japanese chess) players. We have to wait to see whether this technology will be able to solve the riddles of the Forex market too.

The partnership with HEROZ marks another step into the AI world for Monex. In April this year, the broker unveiled a collaboration with fintech company Good Moneyger in order to deliver a “Monex AI Report” to its customers. Good Moneyger’s AI solution – VESTA, seeks to reduce chances of investment loss by examining market data and cycles and estimating chances of market crashes. The report itself is intended to be simple and understandable – it rates the investment score of various asset classes based on a three-stages scale. There is also a “weather forecast” for the global market, with a map reflecting the business confidence in various regions.

Let’s also note the recent launch of Monex’s robo-advisory service where a customer can determine one’s own investment policy and easily manage his/her assets with a support of professional advice. Unlike discretionary investment, customers can make investment decisions on their own with analyzing the market and the global economy. More than 1,000 patterns of portfolio combinations are available to help customers manage their assets on their own policy.