LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Binary options provider TRADOLOGIC has branched into new market segments recently, with its introduction of land-based consoles which take binary options trading into the gaming segment.
Today, the firm has announced that it has partnered with Novox Capital Ltd in order to offer market making and risk management services.
This partnership represents a move toward cross-company interaction, as Novox Capital is the parent of both OptionBit and OptionXP, both of which are two of just a handful of CySEC regulated binary options brokers, via parent Novox Capital.
Both OptionBit and OptionXP use the TRADOLOGIC platform, which renders them clients of TRADOLOGIC, with the entire structure of the deal alluding to an emulation of what industry leader SpotOption has set up on its own, having its own CySec CIF license, thereby allowing white label clients to offer a regulated solution to traders who want to trade via a regulated entity
Novox Capital Ltd is licensed by Cypriot financial markets regulatory authority CySec as a market maker, under the license number 224/14 which was successfully activated this month.
Under this new partnership, Novox Capital Ltd intends to work closely with TRADOLOGIC in providing market making and risk management services for Binary Options brokers under the regulatory jurisdiction of CySec, and through Cyprus in Europe. Now, existing TRADOLOGIC’s white labels, and new ones would be able to enjoy a regulated market making and risk management facilities.