Exclusive: SpotOption Is Now a US Binary Options Market Maker on Cantor Exchange
- Forex Magnates has discovered that the firm has been actively trading and writing options on the Cantor Exchange for the past two weeks. The firm may be laying the groundwork for expansion into the American market.
The first binary option market maker to become regulated by the Cyprus Securities and Exchange Commission, SpotOption Exchange, is now also operating as a market maker for binary options in the US. 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 has discovered that the firm has been actively trading and writing options on the Cantor Exchange for the past two weeks.
Cantor Exchange is a direct-access marketplace and a subsidiary of Cantor Fitzgerald, a global financial services firm. The venue is a designated contract market (DCM) regulated by the Commodity Futures Trading Commission (CFTC) in the US. It’s only legal competitor is NADEX (North American Derivatives Exchange), the IG Group owned venue.
The American market has so far been mostly shut out of the binary options trading world due to very limiting 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. It is forbidden for any binary options broker regulated anywhere else in the world to solicit or accept American clients. Meanwhile, the two regulated US venues for binary options have not offered a trading system attractive enough to draw in retail traders in numbers compared to the potential of the huge American economy.
By developing capabilities for acting as a market maker on a US-regulated binary options marketplace, as SpotOption has now done, the firm can be seen as laying the groundwork for its possible expansion into to the ripe American market. The next logical step would likely be launching a frontend platform that will allow US-based clients to trade on the Cantor Exchange but with a user-friendly and exciting interface SpotOption knows how to offer.
The first binary option market maker to become regulated by the Cyprus Securities and Exchange Commission, SpotOption Exchange, is now also operating as a market maker for binary options in the US. 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 has discovered that the firm has been actively trading and writing options on the Cantor Exchange for the past two weeks.
Cantor Exchange is a direct-access marketplace and a subsidiary of Cantor Fitzgerald, a global financial services firm. The venue is a designated contract market (DCM) regulated by the Commodity Futures Trading Commission (CFTC) in the US. It’s only legal competitor is NADEX (North American Derivatives Exchange), the IG Group owned venue.
The American market has so far been mostly shut out of the binary options trading world due to very limiting 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. It is forbidden for any binary options broker regulated anywhere else in the world to solicit or accept American clients. Meanwhile, the two regulated US venues for binary options have not offered a trading system attractive enough to draw in retail traders in numbers compared to the potential of the huge American economy.
By developing capabilities for acting as a market maker on a US-regulated binary options marketplace, as SpotOption has now done, the firm can be seen as laying the groundwork for its possible expansion into to the ripe American market. The next logical step would likely be launching a frontend platform that will allow US-based clients to trade on the Cantor Exchange but with a user-friendly and exciting interface SpotOption knows how to offer.