Exclusive: Tradologic Set to Launch Regulated Binary Options Exchange Binarex

Following recent changes in the binary options industry, Tradologic is aiming to bring transparency into the market.

Tradologic has embarked on a new project that aims to bring a new perspective to binary options trading. The company has been working on deploying a regulated binary options exchange called Binarex, the technology provider confirmed to Finance Magnates. The product is aiming to eliminate conflicts of interest between brokers and traders.

We are already in talks with several EU and non-EU financial regulators

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Looking at the current state of the market, Tradologic has identified an opportunity for both brokers and traders alike. With exchange traded binary options, the traders can receive better fair execution, while the brokers will be profiting regardless of whether a client is making or losing money.

Exchanges typically charge a fixed commission fee to traders, who in turn profit when other traders lose.

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Eliminating Conflict of Interest Key to Long Term Sustainability

The changes are representative of the breaking of a status-quo in the forex trading industry, as some companies have started pivoting away from the market maker model and into straight-through processing (STP) execution, when the trades of every client are moved on to the over-the-counter foreign exchange market.

Tradologic is aiming to address a key concern not only for traders, but also for regulators. Exchange-traded binary options are already used by retail traders in the US, where Cantor Exchange, Nadex and NYSE have products that are regulated by the U.S. Commodity Futures Trading Commission (CFTC).

Commenting to Finance Magnates, the CEO of Tradologic, Michael Golod, stated: “It’s no secret to anyone that regulators worldwide are increasingly scrutinizing some binary brokers’ practices. I see Binarex as a sustainable business model that ensures fair and transparent terms for all parties involved.”

“We are already in talks with several EU and non-EU financial regulators and the feedback we’ve received so far tells me we can expect a much friendlier regulatory environment,” he elaborated.

The company is expecting to officially launch the product at the Finance Magnates London Summit on the 14-15th of November 2016.

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