Hot on the heels of the existing three binary options software providers, TechFinancials, SpotOption and TRADOLOGIC which have recently registered as market makers on dedicated binary options venue Cantor Exchange, a further platform company has joined the fold as interest in providing exchange-traded binary options to US customers continue to grow.
Today, independent software vendor Hello Markets announced that it has successfully sealed a partnership deal with Cantor Exchange (Cantor Exchange) as an Independent Software Vendor and trading-platform provider. Cantor Exchange is a Designated Contract Market offering Binary Options which are regulated by the CFTC (Commodity Futures Trading Commission) in the United States.
U.S. clients’ orders must be placed through a US regulated exchange such as Cantor Exchange and the Hello Markets’ award winning trading platform will be directly linked with Cantor Exchange’s exchange traded binary options market.
Recently, LeapRate spoke in detail with Rich Jaycobs, President of Cantor Exchange, who provided his perspective on the increasing interest being shown by binary options platform companies in entering the US market.
“One of the most interesting things is the move toward the U.S. market that several binary platform companies are making” stated Mr. Jaycobs.
“The U.S. is probably the largest undeveloped market in the world for binary options. The binary options market here is a financial market and it’s regulated as a financial market and Cantor Exchange maintains the equitable principles for all participants of a regulated market. I do think it’s going to become a globally adopted model over time” he explained.
Mr. Jaycobs agreed that the US market is the most organized, and there is no way that it can be compared with gaming. It is regulated as a financial market, and I am sure it will become a globally adopted model over time.
“I separate the binary options companies from retail forex companies. Firstly, there is no leverage in binary options. Secondly, we are launching new products outside of forex, including metals, energies, interest rates, and equity indices” he said.
Hello Markets has stated that Cantor Exchange offers an incentive program to Cantor Exchange Referring Participants and Hello Markets clients who wish to participate in this program will be able to use the Hello Markets platform. Furthermore, Hello Markets’ legal department will also assist the company’s clients in obtaining an NFA (National Futures Association) license – a prerequisite for soliciting US clients.
Through Hello Markets’ relationship with Cantor Exchange, the US market is now available to new and existing Hello Markets clients who may widen their global reach through the platform, and participate in the US market.
“We are delighted to have partnered with a financial powerhouse such as Cantor’s. This deal represents a massive opportunity both to Hello Markets as well as to our existing and potential clients” said Jeremy Dahan, CEO of Hello Markets. “Our clients can henceforth take advantage of this new development in order to access the vast US market.”
Already in full compliance with Asian, CIS and European markets, the expansion of Hello Markets’ operational map will allow the company’s clients to further expand their business in previously uncharted territory.
For the official announcement from Hello Markets, click here.