A new player is entering the binary options trading market, as gaming software giant Playtech will be debuting a new platform at the ICE conference in London this week. The ICE is known as the world’s largest gaming exhibition. In London, Playtech will be demoing the platform which is currently in its Alpha version development stage with an expected launch during Q2 2013.
According to Forex Magnates sources the entry into the binary options space is part of new corporate focus from Playtech after seeing that many online gaming operators and affiliates were interested in the product. The launch will expand Playtech’s business from gaming products into financial based offerings.
Arriving later than a slew of other platform providers, Playtech will target several areas where they believe their new platform will provide advantages such scalability, reliability, and Risk Management as to existing products. Playtech additional advantage is it being a publicly listed company.
Playtech recently acquired Geneity, a leading sports betting software developer with deep involvement in risk management, whose new platform will provide the risk management solution. Since binary options are a fixed odds gamble which is similar to existing sports betting products Playtech feels it can provide customers the best risk management solution on the market for binary options. We have already seen a similar transition when betfair's sports matching engine was adopted by its FX trading subsidiary LMAX.
Leveraging its existing technology infrastructure, Playtech is expected to price the platform aggressively. If we are allowed to forecast then we would say that Playtech may easily take over the gaming market where it already has a massive presence and is comfortable operating in. Forex market however may present it with a challenge being a new and unfamiliar turf with already existing dominant players who will not give up on their market share easily.
Going forward binary brokers whether of gaming or forex background are set to benefit from increased technology competition as all binary tech providers will have to improve their offerings substantially or they will quickly fall behind. As seen below from the platform screenshots, on first glance the product appears similar to existing solutions in the market. Therefore, it will be interesting to see what existing firms do to differentiate themselves from the new large competitor.
A new player is entering the binary options trading market, as gaming software giant Playtech will be debuting a new platform at the ICE conference in London this week. The ICE is known as the world’s largest gaming exhibition. In London, Playtech will be demoing the platform which is currently in its Alpha version development stage with an expected launch during Q2 2013.
According to Forex Magnates sources the entry into the binary options space is part of new corporate focus from Playtech after seeing that many online gaming operators and affiliates were interested in the product. The launch will expand Playtech’s business from gaming products into financial based offerings.
Arriving later than a slew of other platform providers, Playtech will target several areas where they believe their new platform will provide advantages such scalability, reliability, and Risk Management as to existing products. Playtech additional advantage is it being a publicly listed company.
Playtech recently acquired Geneity, a leading sports betting software developer with deep involvement in risk management, whose new platform will provide the risk management solution. Since binary options are a fixed odds gamble which is similar to existing sports betting products Playtech feels it can provide customers the best risk management solution on the market for binary options. We have already seen a similar transition when betfair's sports matching engine was adopted by its FX trading subsidiary LMAX.
Leveraging its existing technology infrastructure, Playtech is expected to price the platform aggressively. If we are allowed to forecast then we would say that Playtech may easily take over the gaming market where it already has a massive presence and is comfortable operating in. Forex market however may present it with a challenge being a new and unfamiliar turf with already existing dominant players who will not give up on their market share easily.
Going forward binary brokers whether of gaming or forex background are set to benefit from increased technology competition as all binary tech providers will have to improve their offerings substantially or they will quickly fall behind. As seen below from the platform screenshots, on first glance the product appears similar to existing solutions in the market. Therefore, it will be interesting to see what existing firms do to differentiate themselves from the new large competitor.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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