According to exclusive information obtained by Forex Magnates’ reporters, binary options technology provider, TechFinancials, is on track to reignite the wave of retail trader oriented financial technology companies listed on the London Stock Exchange’s Alternative Investments Market (AIM).
The Israeli company delivers its binary options trading technology between 40 to 50 brands, most notably 24Option.com. The binary options industry has been growing exponentially over the past couple of years, and TechFinancials, one of its prominent players, may be the first technology provider to be publicly listed.
The company is also operating a trading brand, OptionFair, using its CySEC license.
TrustedBrokerz: The Source More Traders Are TrustingGo to article >>
According to information made available to Forex Magnates, total deposits of the brands using the platform of TechFinancials are worth as much as $25 million. In what constitutes a revenue sharing business, the high number of white labels using the company’s binary options technology leads us to believe that the company’s revenues for 2014 are somewhere between $10 and $20 million.
Forex Magnates has reported several players from the binary options industry aspiring to go public, with the brokerage EZtrader filing for listing on the U.S. OTCQB market after placing pink sheets earlier this year.
Several brokers have been rumored in attempting a similar move in the past few months. After Traderxp set in motion an internal organization for that purpose, in November the binary options trading brand, anyoption, announced its intention to list on the same venue in February 2015, valued at £150 million.