Dukascopy acquires Alpari Japan in expansion push


5 August, AtoZForex – Back in June, AtoZ Forex reported the exit of Dukascopy operations from Japan. At the time, the reason for the decision of the Swiss firm was unclear. Yet in hindsight, it seems like the company has reassessed it's strategy. Considering, a turn of events with a well thought out plan for acquiring Alpari Japan. Meaning that Dukascopy is pushing for further market dominance in the Asian region.

Back in June, the Swiss bank, who offers forex market services, apologised to clients for abruptly closing down its services. Informing clients of a deadline to close any open and running positions in just a two weeks time frame, basically until the 4th of July 2015. As a matter of fact, from the 21st of June 2015, existing clients of Dukascopy Japan have not been able to enter any new positions already, prompting an apology from the Swiss financial outfit in a concise statement to clients.

Re-enter the Japanese market

This was the situation back then in June. However, from the latest development in regards to Dukascopy’s Japanese operations, a full acquisition of Alpari Japan K.K. has been progressed. All in a bid to re-enter the Japanese market. The move follows from Dukascopy’s outright intention, which was expressed earlier in January 2015, to acquire a Japanese regulated broker. Especially, after coming out strong from the historic Black Swan event. Currently, the Swiss bank has been able to commence far into negotiations, as the bid is now in it's final stages, confirming to near a takeover of the Japanese Type-1 licensed broker Alpari Japan K.K.

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By virtue of the acquisition, Alpari Japan K.K. will be renamed to Dukascopy Japan K.K. Alongside, the Swiss bank will now integrate its well-known proprietary trading technology to offer FX trading to Alpari Japan’s clients. Operations are expected to recommence by October 2015, as Japanese clients will have direct access through the JForex platform to the same price feed and liquidity as all other clients of the Dukascopy Group.

Stakeholders enthusiasm

Stakeholders have expressed their enthusiasm towards the deal in their statements. Kicking off, Andrey Duka, the co-CEO and CTO of Dukascopy Bank has stated the following: “For a long time we have been expecting such opportunity to step in the Japanese forex market, the largest in the world. We are impressed by the commitment and professionalism of Alpari Japan’s team who knows the business and the Japanese market very well. This team is clearly the main asset of the deal and allows us to see bright prospects to our operations in Japan. “

On the other hand, Shinji Tashiro, the CEO of Alpari Japan: “We overcame difficulties and came back to the market. We are greatly honored to get a fresh start with the most sophisticated and worldwide platform - JForex as a member of Dukascopy Bank in the first year right after the 150th anniversary of the establishment of diplomatic relations between Japan and Switzerland. I believe JForex could be the exciting news to the traders in Japan. “

The plan behind acquisition?

As Dukascopy acquires Alpari Japan, no major staff restructuring will take place. Dukascopy Japan intends to maintain the current team and management structure of Alpari Japan. With this acquisition, the Swiss bank intends to double its trading volume in the course of the next five years.

This fortifies Dukascopy’s group operations, consisting of three institutions in high standard regulated jurisdictions - Switzerland, European Union, Japan plus Dukascopy Payments – EU licensed payment/e-money institution. With offices across Geneva, Zurich, Riga, Kiev, Moscow, Shanghai, Hong Kong, Kuala Lumpur and now in Tokyo with a total number of 350 employees (including IT).

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