MarketsPulse Expands in Japan, Onboarding Planex Trade with Ladder Options
- After partnering up with FXTrade Financial, the second Japanese binary options brokerage to shake hands with MarketsPulse, is Planex Binary, a subsidiary of Planex Trade, which has been operating in forex since 2003.
Binary options platform provider, MarketsPulse, has announced that it has established its second partnership on the Japanese market, delivering its solution to Planex Binary. The company established its presence in Japan 5 years ago signing with FxTrade Financial and successfully faced all the regulatory challenges that followed.
Planex Trade, a brokerage company which entered the foreign exchange market back in 2003, has announced the launch of their Binary Options product "Planex Binary”. The offering is compliant with existing Japanese Financial Services Agency (JFSA) regulations, providing the Japanese customers Ladder options with plans to expand their offering in the coming months.
MarketsPulse currently offers brokers 3 different option types - all in compliance with the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term: Ladder Option, Multi-Range and Touch / No Touch.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates' reporters have contacted the company asking about its operations in Japan. and the regulatory environment. The firm's Vice President Shay Hamama has stated, that “new regulations primarily affected the MarketsPulse before the changes were implemented. When the regulators announced in mid-2012 that there were going to be changes, no broker could apply for a binary option operating license. Prior to the announcement we were in contact with several brokers who wanted to integrate our binary options technology with their product suite, however once the new regulations were implemented, we were able to reignite the process with many of these brokers. Although the changes have dramatically affected us, advantages have come from it. We now see that both the broker and us are more comfortable with initiating a partnership because there is more regulatory stability in the Japanese market.”
Elaborating on the current state of the market in Japan, Mr. Hamama has shared that, “a gradual increase of new brokers entering the market has been seen and growth of total volume has been in the industry since January 2014. Data regarding the binary option market made available to the public through JFSA's website, since the change in regulation has provided us the ability to better examine the market and see its growth trajectory.”
Binary options platform provider, MarketsPulse, has announced that it has established its second partnership on the Japanese market, delivering its solution to Planex Binary. The company established its presence in Japan 5 years ago signing with FxTrade Financial and successfully faced all the regulatory challenges that followed.
Planex Trade, a brokerage company which entered the foreign exchange market back in 2003, has announced the launch of their Binary Options product "Planex Binary”. The offering is compliant with existing Japanese Financial Services Agency (JFSA) regulations, providing the Japanese customers Ladder options with plans to expand their offering in the coming months.
MarketsPulse currently offers brokers 3 different option types - all in compliance with the new Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term: Ladder Option, Multi-Range and Touch / No Touch.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates' reporters have contacted the company asking about its operations in Japan. and the regulatory environment. The firm's Vice President Shay Hamama has stated, that “new regulations primarily affected the MarketsPulse before the changes were implemented. When the regulators announced in mid-2012 that there were going to be changes, no broker could apply for a binary option operating license. Prior to the announcement we were in contact with several brokers who wanted to integrate our binary options technology with their product suite, however once the new regulations were implemented, we were able to reignite the process with many of these brokers. Although the changes have dramatically affected us, advantages have come from it. We now see that both the broker and us are more comfortable with initiating a partnership because there is more regulatory stability in the Japanese market.”
Elaborating on the current state of the market in Japan, Mr. Hamama has shared that, “a gradual increase of new brokers entering the market has been seen and growth of total volume has been in the industry since January 2014. Data regarding the binary option market made available to the public through JFSA's website, since the change in regulation has provided us the ability to better examine the market and see its growth trajectory.”