Binary options software provider TRADOLOGIC is working on new portfolio management software, the company has confirmed to Finance Magnates. The product is set to launch at the Finance Magnates London Summit and is aiming to expand the firm’s existing B2B solutions.
The new product is called OptionsPros and will be focusing on combining certain elements from portfolio management, social trading and automated trading. The news comes a few weeks after the company stated that it is working on a binary options exchange.
The OptionsPros product is aiming to create a new form of decision making for binary options traders. The customers will be able to build their own portfolio of instruments to trade in and/or to follow professional traders and investors whose trading record is displayed publicly on the platform.
The company said in a statement: “The company marks 2016 as a year of innovation, change and opportunity. OptionsPros is among one of the new products with potential to steer the binary industry into a new direction.”
“We picked the name OptionsPros because ultimately this product is based on our binary options trading technology which I believe needs no introduction. We plan to build on it and add a lot more flexibility and capabilities,” commented Michael Golod, the CEO of the company.
TRADOLOGIC plans to offer the solution as a white label product. The product is not meant to solicit end-user trades and can be added as a standalone platform or as an additional layer to a traditional binary brokerage. In the next several months the company plans to roll out iOS and Android apps.
The company will be officially presenting the product at the Finance Magnates London Summit, which is less than two weeks away.