Tradologic announces Binarex
Tradologic, the world’s leading binary options software provider, has launched a new project to bring more options to the binary trading sector. As a result of the recent upheaval in the binary options industry, Tradologic’s goal is to bring transparency to the market. The company is focused on setting up a monitored binary options exchange called Binarex. This product reduces conflicts of interest between brokers and traders and makes the industry sustainable in the long run.
Exchange trading model
The company’s new exchange-traded binary options allow traders to get better quotes and prices (and therefore returns), while brokers still make a profit even if their clients lose money or make money. The exchange platform charges traders a percentage fee, and the counterparty profits from the lost trades on the other side of the trade. These processes mirror exchanges operating within the Forex trading industry, and some companies have already started phasing out the market maker model, with a more direct processing model where clients’ trades are diverted through the OTC market. . The company’s goal is to address the concerns of traders and regulators. Companies like Cantor Exchange and Nadex already have products regulated by the CFTC (United States Commodity Futures Trading Commission), so their exchange retail binary products are already in use by US retail traders.
Binarex Rules
Tradologic CEO Michael Golod said he sees Binarex as a viable business model with clean and transparent terms for all parties. This model has been scrutinized by regulatory agencies and discussed in detail. His firm is in ongoing talks with and well-received by various financial regulators both within and outside the European Union. Many of these regulators tell us that we need to have a much more welcoming regulatory environment.
Earlier this year, the company partnered with Cantor Exchange, giving it white-label access to the US market through an approved Exchange Commission deal. Tradologic will be launching this model at the Finance Magnates London Summit on 14th and 15th November at the brewery. You can get all the details about this new offering at Binaryoptions.co.uk.
The success of trading on an exchange depends on the liquidity of the market. Low trading volumes can lead to inconsistent or undervalued trades. The increased liquidity along with the Tradologic-sized companies involved provides great opportunities for traders to make the trades they want. As the platform grows, so does the volume.
