X Open Hub has today announced a beta launch of a new feature integrated into its platform, binary options trading support.
Brokers utilizing the X Open Hub platform will now be able to offer binary options to traders without the need for their clients to open separate accounts, with FX, CFD, binary options and social trading accessible for all users on the same platform.
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Jakub Zablocki, Managing Director of X Open Hub, commented in the announcement: “The integration of binary trading to our existing X Open Hub front end makes it the first platform catering for all products in one place. This does not yet exist in our industry but we know from our broker clients there is a strong demand.”
X Open Hub’s platform will offer binary options on currencies, commodities and index instruments, with available expiries ranging from five minutes up to an hour.
The new feature is currently in beta phase, but Mr. Zablocki said the company hopes that the full and complete version will be live as early as February, 2014.