Tradologic, a technology provider for the binary options market, has launched a new binary options exchange in Europe at the Finance Magnates London Summit. Designed in conjunction with a newly designed portfolio management software, OptionsPros, ‘BinarEx’ was originally confirmed to Finance Magnates back in September. It is aimed at eliminating conflicts of interest between brokers and traders.
The launch of BinarEx is important for traders, allowing them to receive better and more transparent execution, while brokers will profit regardless of whether a client is making or losing money. Overall, Tradologic’s launch of the exchange will help address a number of key concerns not only for traders, but also for regulators.
OptionsPros serves as the group’s latest advancement in portfolio management, aggregating a number of unique elements such as social trading and automated trading to help clients construct their own customized portfolio of instruments – in doing so, users will be able to invest in and follow other professional traders and investors with full transparency.
According to CEO Michael Golod in a statement on the new exchange and product: “I see BinarEx as a sustainable business model that ensures fair and transparent terms for all party involved. From the feedback we received so far, regarding BinarEx, we can expect a much friendlier regulatory environment. As for OptionsPros – this product is based on our trading technology and we plan to further expand and upgrade it, adding a lot more flexibility and capabilities.”