An official announcement made by Stock.com outlines that Lead Capital Markets, the company behind it, is launching a binary options solution to the market. The brand will be using a platform provided by Keystone, which developed it in conjunction with Playtech, a company that is affiliated with the Israeli billionaire Teddy Sagi.
Mr Sagi still owns a third of Playtech’s shares after last year he cashed in a stake worth $481 million (£326 million). One of the top ten Israeli billionaires is also affiliated with two other businesses known across the forex industry – London AIM listed payments provider SafeCharge, which reported earlier today that its profits for 2014 have risen 11 times, and online advertising company Crossrider, which also went public last year.
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Stock.com is already using a license from the Cyprus Securities and Exchange Commission on the name of Lead Capital Markets, to provide forex trading using Leverate’s Sirix platform solution.