Moomoo, an investment and trading platform, has launched an online brokerage service that allows Japanese investors to invest in 7,000 U.S. stocks and ETFs, setting a new industry standard in Japan.。

In addition, Moomoo will provide investors with a complete set of trading tools, including an overview of capital flows, short selling analysis and institutional trackers.。The company said the tools give investors insight into market trends and dynamics in the stock trading sector.。

Moomoo to offer advanced trading tools in Japan

Francisco Izawa, CEO of Moomoo Japan, said: "The Japanese people are very interested in investing in US stocks, especially the younger generation.。With the launch of our online brokerage business, Moomoo users in Japan can now trade U.S. stocks through our website。The proprietary Moomoo app is at your fingertips while enjoying vast amounts of free data, professional-grade investment tools and news services to help them make informed investment decisions.。"

Moomoo also announced a 24-hour trading service for Japanese investors.。Through the service, traders have the opportunity to participate in round-the-clock trading of 301 select U.S. stocks and ETFs, the company said.。Moomoo debuted in Japan in October 2022 with a comprehensive app covering market information, educational tools and a global investor community.。

Moomoo's step comes as the Japanese foreign exchange (FX) market is undergoing a major transformation from traditional trading methods to the digital age.。Latest data show that Japan's electronic trading volume accounts for about 60% of foreign exchange cash trading volume。In contrast, 76% of cash foreign exchange transactions in North America, Europe and Asia are conducted electronically.。

Japan Foreign Exchange Market

In Japan, the foreign exchange market is growing rapidly due to the increasing popularity of multi-dealer platforms and application programming interfaces (APIs)。This shift to electronic trading in Japan will continue, according to research released last month by the Greenwich Alliance, a provider of financial services industry analysis and insights.。

In addition, the entry of international industry players into the market also reflects the changes in Japan's electronic foreign exchange trading.。In March, Australian broker ThinkMarkets launched its online trading service in Japan, aiming to revolutionize the trading experience with its proprietary app ThinkTrader.。Similarly, ACY Securities has expanded into equity and CFD markets in Japan and Hong Kong to diversify its global business.。