Technology provider Panda Trading Systems has announced its acquisition of Polar IO Software Ltd, a software company specializing in front-end development interfaces for binary options trading platforms and pricing algorithms.
By acquiring Polar IO Software Ltd, Panda Trading Systems intends to concentrate further on adding to its current offering of binary trading software solutions in adding a trading interface which comes as an out-of-the-box solution.
According to the company, this new binary options interface is designed to significantly reduce integration time from weeks to days.
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This highlights Panda Trading Systems’ continuing emphasis on the binary options sector, following on from the company’s prevalent shared wallet which allows brokers to integrate binary options offerings into MetaTrader 4.
This shared wallet solution allows the MT4 end-user to use their existing forex account to trade binary options in addition to forex and CFDs.
Maor Lahav, COO and founder of Panda Trading Services stated that “this technology enables brokers to offer binary options as a shared wallet solution for MT4 traders without needing to alter their existing systems or overall technology architecture.”