FX trading for individual investors began on 8 October 1998 following the revision of the Foreign Exchange Law. The predecessor securities company became the first provider, driving wider adoption.
FX trading for individual investors began on 8 October 1998 following the revision of the Foreign Exchange Law. The regulatory framework was developed in response, and specialist commodity trading companies led its expansion.
FX trading is a mechanism in which a small amount of margin is used as capital, with only the difference arising from exchange-rate movements settled to determine profit or loss.
Before FX trading emerged, foreign-currency deposits were about the only way for individual investors to profit from exchange-rate movements, but trading expanded against a backdrop of deregulation and legal reform.
The Nikkei 225 closed at ¥13,026.06 on 8 October 1998.