Leading online currency, CFDs and commodities trading group easy-forex has announced the beta launches of its new online Options platform. With brokers facing stagnation in the core spot FX markets new product launches are key to opening new opportunities for growth and sustainability. The enhanced platform for options comes with advanced tools and functionality, it allows traders to open deals and directly profit on price movements and price volatility. In addition traders can protect their open positions of any forex trade with any broker.
Options are widely used by participants to manage risk and hedge exposure; speculators have also taken to find the benefits of Options especially in volatile markets. An Option gives traders the right but not the obligation to buy or sell an underlying asset at a speciﬁc time at a speciﬁc price in the future. The speciﬁc price agreed is the strike price and the underlying asset.
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The new platform was developed by optionsReasy, a technology firm that provides trading solutions for Options to brokers and financial institutions. The new platform has numerous features including the; ability to build strategies made up of multiple options and to share them in the ‘strategies marketplace’.
Michael Konnaris, Chief Executive Officer of easy-forex spoke about the new platform launch, he said: “I am pleased to announce the launch of the new easy-forex options platform. This has been a joint partnership with optionsReasy. I am excited to see the traction and feedback we are getting from our traders around the world. The platform empowers traders of all levels to customise their deals to match their market views, experience and investment appetite”.
Hillik Nissani Chief Marketing Officer at the broker added; “our options platform, powered by optionsReasy, has all the characteristics traders have come to expect from us – transparency in everything we do, innovativeness, security and, above all, simplicity”.