Finance Magnates has learned that Forest Park BX, a new offering from the same-named American FX broker, will be the first introducing broker referring traders to the Cantor Exchange via a custom SpotOption white label.
The website for the new brand is already up and running, but the plan is that it will officially launch in early May after binary options technology developer, SpotOption, will finish linking Forest Park FX’s customer relationship management (CRM) to the new platform. Nonetheless, the brand has already referred dozens of participants to the cantor Exchange directly.
The race for reestablishing control over the potentially huge but already highly regulated U.S. binary options market is known to be vital to leading retail binary options technology developers’ expansion plans. Cantor Exchange in particular has served as a beachhead for retail binary options on the American shore.
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Earlier this month TechFinancials (LSE: Tech) officially entered the U.S. market with the Cantor Exchange model, and in March, both SpotOption and TRADOLOGIC announced that they were already operating at the venue. In light of this, this first move by Forest Park is important to the whole industry and its expansion to the U.S.
Ambassador Capital Management, LLC (Doing business as Forest Park FX, Forest Park BX and Forest Park Binary Exchange) is registered with the Commodity Futures Trading Commission (CFTC) as an Independent Introducing Broker, and is a member of the National Futures Association (NFA).
Justin Hertzberg, Esq., the president and CEO of Ambassador Capital Management, LLC. Hertzberg sat down today with Finance Magnates for an exclusive first interview on the launch of the new binary options offering. The full length interview will be published next week.