Cantor Fitzgerald Launching CantorExchange US Based Binary Options Exchange

Following a February approval of the CFTC that granted Cantor Clearinghouse as a registered Derivatives Clearing Organization (DCO), and CantorExchange as Designated Contract Market (DCM), Cantor Fitzgerald is set to launch a new US based binary options trading exchange. CantorExchange and Cantor Clearinghouse are operating as subsidiaries of Cantor’s. Trading will be conducted through CantorExchange’s electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for matching buyers and sellers, with trades settled through Cantor Clearinghouse. CantorExchange is being led by CEO and Chairman, Howard W. Lutnick who is also Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P., and Chairman and Chief Executive Officer of BGC Partners, Inc.

According to CantorExchange, the new platform is registered to offer trading in spot FX binary flex options contracts (FXSI) and additional fully margined binary options with risk profiles similar to FXSI contracts. We reached out to Cantor for more information on when the official launch will take place, who is the target audience and why they are entering the market, but as of publishing time have yet to to receive responses to our inquiries.

From data available on the website, CantorExchange appears to be a NADEX competitor as it will be offering similar type binary options with minimum account size of $100 which indicates a target audience of retail traders. Currently, CantorExchange's trading platform is limited to an iPad interface where users can download the live or check out the practice system (although it isn't available in all global regions). As we learn more about this venture, 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 Magnatetes will be providing updates.