After a short delay, Monex Adviser launches

Maria Nikolova

The robo-advice service aims to help Monex’s clients to invest in domestic ETFs.

A followup to FinanceFeeds’ article from last week about the schedule of the release of Monex Adviser…

Japanese retail Forex broker Monex Inc, a part of Monex Group, Inc. (TYO:8698), today updated its clients on the matter, saying that effective October 25, 2017, it starts providing its new robo-advisory service Monex Adviser. The launch, which was initially scheduled for October 20, 2017, has finally come to fruition despite the brief delay. The company did not mention any reasons for the change in the schedule.

“Monex Adviser” is a robo-advice service assisting in investing in domestic ETFs. It is set to add to Monex’s other similar services – MONEX VISION β and MSV LIFE. The new service is poised to take into account individual preferences, as well as the latest market developments and forecasts.

Monex’s push into robo-advice is barely surprising, given that financial services companies are increasingly adopting the latest financial technologies to respond to the requirements of a wider clientele. Moreover, Monex has shown flair for artificial intelligence (AI) solutions too.

Earlier this year, the broker has announced the start of delivery of a new market analysis report, based on the work of an AI program. To deliver the “Monex AI Report”, the broker has partnered with fintech company Good Moneyger, whose AI solution – VESTA, aims to minimize 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.

Monex is not the first Japanese Forex broker to adopt AI solutions. Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), had shortly before that unveiled the launch of a special AI-powered solution for its clients. The tool, named “AlpacaSearch for kabu.com” is developed in co-operation with AI startup AlpacaDB Inc. The AI system scans the share prices of Japan-listed companies in order to identify shares exhibiting similar trends. The AI technology detects correlations that human traders cannot usually notice and thus signals trading opportunities.

Read this next

Institutional FX

Invast Global ramps up its offering with 10 soft commodity CFDs

Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.

Retail FX

FF Simple and Smart Trades says Goodbye to CySEC authorization

The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.

Crypto Insider

Shining the Light in Crypto’s Dark Places

Something changed in regulators’ minds after the November crash of the FTX crypto exchange.

Executive Moves

Financial Commission Adds Sam Low to Dispute Resolution Committee

The Financial Commission (FinaCom PLC), a dispute resolution service that caters to the financial services industry, has appointed Sam Low as the newest member of its Dispute Resolution Committee (DRC).

Digital Assets, Uncategorized

De-facto owner of Bithumb exchange arrested in South Korea

South Korean prosecutors have arrested Kang Jong-Hyun, the anonymous chairman and owner of the country’s largest cryptocurrency exchange, Bithumb, on charges of embezzlement and stock manipulation.

Retail FX

Interactive Brokers volumes snap three-month losing streak

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes rose in January, an indication that investor confidence in the financial markets is rebounding after having been fairly mixed over the past few months.

Digital Assets

VVF invests $5 million in Everscale, a potential Layer 2 solution for Venom blockchain

“For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.”

Institutional FX

FXSpotStream volume ends string of declines on January rebound

Trading volumes on institutional FX platforms surged in January as traders increased their bets on central bankers’ policy with evidence mounting that inflation and economic growth are both losing momentum.

Industry News

DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

<