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Mirror Trader Platform Developer Gets Regulated in Japan

Mar 26 2014
By
Forexbrokerz.com

Japan Financial Services Agency (JFSA) has notified Tradency last week that the company is granted with an investment advisory business registration. This is another milestone achieved by Tradency, the first auto trading technology provider to receive this seal of approval in Japan.

 

The news come just two weeks after British FCA announced that all  companies offering copy trading services on the island  should obtain registration as investment managers.

 
March 26, 2014 – Tradency, a global technology company and the originator of the Mirror Trader trading concept & services, as of this week, received a formal approval for the investment advisory business registration by the JFSA.  Since 2005 the Mirror Trader platform has gained popularity with tens of leading financial institutions due to its technological superiority and advanced procedures. This last milestone, defines mirror trader as a mass market product which has been recognized by brokers, clients and the JFSA as an approved financial tool in Japan.
 
Tradency alongside its Japanese broker partners had joined forces in order to lead the advisory application process. Lior Nabat Trednacy’s CEO expands on that subject: “Tradency welcomes the involvement of global regulators. We see the new regulation as a joint interest for the regulators, Tradency, brokers and traders. We believe strong regulation will transform the FX market into a viable financial investment tool. We also see it as an obvious evolutionary step in our evolvement into a mass market service.”
 
About Tradency
 
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables FOREX traders to use the knowledge of experienced traders in real time for their own trading techniques. Tradency’s Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. 

 

TAGS: tradency  mirror trader  copy trading  social trading  platform  regulation  license  japan 

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