BinaryOption.com announced today that it has sealed a partnership deal with Tradologic to become the latest entrant into the U.S. binary options market, after launching with execution on Cantor Exchange, according to an official statement.
Cantor Exchange is a direct-access marketplace and a subsidiary of Cantor Fitzgerald, a global financial services firm. The venue is one of two Designated Contract Market offering binary options which are regulated by the Commodity Futures Trading Commission (CFTC). The only legal competitor in the United States is NADEX (North American Derivatives Exchange), the IG Group owned venue.
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According to BinaryOption.com, the partnership deal it signed with Tradologic will make the technology provider “the first independent software vendor to develop a platform for the U.S. exchange-traded binary options market.”
The binary broker presents itself as a simplified experience for traders interested in the binary options market. While it is forbidden for any binary options broker regulated anywhere else in the world to solicit or accept American clients, BinaryOption.com’s platform adheres to the high regulatory requirements as set out by the U.S. watchdogs, the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
The information of Cantor Exchange users is safely stored in Tradologic’s back office with an integrated compliance system that is required by the regulators consisting of a questionnaire to be filled by users.