Russian business intelligence and data analysis company, Faunus Analytics, announced to Forex Magnates that it has reached an agreement with binary options broker, 24option, to offer trading signals to its clients.
Faunus signals will be displayed as an interactive widget on 24option’s trading platform as a third party analysis tool. Traders will have the ability to follow one hour, 30 minutes or 15 minute live forecasts, accompanied by the analytics’ firm reliability level.
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This is an important development for Faunus Analytics in the retail currency trading industry as 24option is among the largest, if not the largest, binary options broker by monthly volumes and deposits. The broker has been licensed by the Cyprus Securities and Exchange Commission since August, 2013.
Pavel Bykov, Chief Development Officer at Faunus Analytics, told Forex Magnates that the company is already working to incorporate its service with fifteen brands, including OptionFair, Stockpair and Zoomtrader. “In every single case we are building a tailor-made branded analytical solution, aimed to meet the needs of the brands at a highest level.”
Faunus is also planning to supply 24option with a full reporting module, which will display live signal results as soon as signals expire, according to their quotes provider. It will also show aggregated graphs per every asset, time frame and reliability level, as well as a detailed table of results.