SpotOption opens Tokyo office in advance of Japan binary options market reopening

SpotOption also introduces Ladder Trading feature to its binary platform.

Leading binary options platform provider SpotOption has announced that it has opened an office in Tokyo, in anticipation of Japan’s JFSA and FFAJ (the Financial Futures Association of Japan) reopening Japan’s binary market.

As we reported back in November, Japanese authorities quietly instructed brokers to stop marketing binary options trading products to retail customers — a very popular way of trading in Japan — as Japan’s financial regulators planned to regulate binaries.

We anticipate final regulations for Japanese binary trading to be in place later in the summer. A copy of the FFAJ’s final working group paper on Japan binary regulation can be found here (pdf, in English).

SpotOption also announced that it has introduced a Ladder Trading feature to its platform, which will also be fully compliant with Japanese binary regulations. Ladder trading differs from regular binary options by offering various strike prices, and profit/risk ratios.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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