Exclusive: TechFinancials Files 10-Day Notice for Imminent London IPO

According to exclusive information obtained by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates’ reporters, binary options technology provider TechFinancials is one step closer to becoming the first binary options firm listed on the London

Stock Exchange’s Alternative Investments Market (AIM).

The company has already filed a 10-day notice at the British venue, notifying it the firm is ready to go public within the set number of days. This does not suggest that the floating has begun, but it seems imminent.

Techfinancials has declined to comment.

The Israel-based company delivers its binary options solution to an estimated 40 to 50 brands, most notably 24Option.com. The company is also known to be operating a trading brand, OptionFair, using its CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term license.

According to information made available to Forex Magnates, total deposits of all the TechFinancials brands are worth as much as $25 million. Based on a revenue sharing model, the number of white labels using the company’s solution suggests that TechFinancials’ revenues for 2014 were somewhere between $10 and $20 million.

Binary options is one of the fastest growing segments of the online trading industry and several major players have indicated their eagerness to become public companies, a move that brings a strong boost to the brand's image as well as opportunities for founders to cash in on their success. In November 2014 the binary options trading brand AnyOption, valued at £150 million, announced its intention to list on the same venue in February 2015.