SupaBinary has grown to be one of the most dynamic binary options brokers, which use Tradologic’s platform and the relationship between the two companies is expanding, confirmed by the option provider’s focus on the South-East Asian market and a new solution which the platform provider has presented.
Tradologic announced today the development of a product that takes into account the way many businesses, trading and gambling are done in the region – the so called Agent System. The product is an affiliate system that allows binary option operators in South- Eastern Asia to have land-based agents, which is the contrasting peculiarity of the Chinese market in particular.
“The agent system is an important addition to Tradologic’s products as our company is the only binary platform provider to offer an affiliate system that is convenient for the Asian market,” said Ilan Tzorya, CEO of Tradologic.
What to Look for in a Forex Technology Provider?Go to article >>
The system is indeed unique for the binary options industry, as it allows transactions to be distributed across the Agent System, reducing risk for all sides. Adding to that is the benefit for operators in the region to have face to face contact with an entire network of agents and traders, but still record the changes in the trades and changes in balance as part of the Tradologic platfrom.
The Agent System allows traders to place their predictions and depending on the outcome, to either receive a profit or pay the losing amount. The difference with the online version is that transactions can be done not only through credit cards, but also with cash balances distributed by the operator. All activities on the platform are recorded and settled each week, or at the end of the month.
With this product the white labels can effectively buil a land-based affiliation system, answering demand from the local market for a more personal approach. SupaBinary have been using the system for the last two months and results are promising in terms of customer satisfaction and conversion rates.
Similar systems have been in place in the gambling industry for some time, preceding the online boom. They are still considered to bring a large portion of revenue to Asian bookmakers across the region and making them some of the largest players in the world.