TechFinancials COO Jeremy Lange on results, the binary options sector, new Association, and more… LeapRate

September 28, 2016 BY LeapRate Staff

TechFinancials COO Jeremy Lange on results, the binary options sector, new Association, and more...

LeapRate Exclusive Interview... Our report on first half 2016 results out of binary options platform provider and operator TechFinancials Inc (LON:TECH) caught some of our readers by surprise. While it was heavily rumored in the industry that TechFinancials was considering 'options' for its flagging OptionFair binary option brand, which had been a drag on results…

techfinancials optionfair binary options

September 12, 2016 BY LeapRate Staff

TechFinancials reports record Revenues and improving results at Binary Options brokerage OptionFair in 1H-2016

TechFinancials also launched a Contracts for Difference (CFDs) platform during the year.

September 11, 2016 BY LeapRate Staff

TechFinancials considering options for OptionFair as shares rise 17% ahead of First Half earnings report

LeapRate Exclusive... LeapRate has learned that Binary Options platform and brokerage group TechFinancials Inc (LON:TECH) is considering options for its regulated binary options brokerage brand, OptionFair. The 'options' for OptionFair could take one of several forms, from a sale/spinoff of the company to OptionFair management, the sale of the company to a third party, or (we…

August 25, 2016 BY LeapRate Staff

Leverate exits Binary Options business, selling its BX8 platform product - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that online trading platforms provider Leverate has stopped selling its BX8 Binary Options platform product. Leverate is continuing to support BX8 for the binary options brokers who are already running it. We've learned from industry sources that Leverate is looking to sell the BX8 platform, along with the current clients running…

August 03, 2016 BY LeapRate Staff

TechFinancials shares soar 64% after providing First Half 2016 update

Binary options platform provider and operator TechFinancials Inc (LON:TECH) saw its share price soar by 64% on Wednesday, after reporting a brief First Half 2016 Trading Update. The TechFinancials update indicated that EBITDA increased by over 80% from last year 1H, from US$0.55 million to in excess of US$1 million. Relatively rosy comments from TechFinancials CEO Asaf…

May 26, 2016 BY LeapRate Staff

TechFinancials sees revenues drop 15% in 2H-2015 as it faces a CySEC AML fine

Binary platform provider and operator TechFinancials Inc (LON:TECH) reported its 2015 financials today, indicating a fairly slow second half of the year amid tough conditions for regulated binary options brokers. For the full year 2015, TechFinancials saw Revenues of $13.6 million, down 12% from 2014. The company's revenue decline which it saw in the first half…

October 21, 2015 BY Maria Nikolova

TechFinancials forms Hong Kong binary options JV

Binary platform provider and operator TechFinancials Inc (LON:TECH) is growing bigger in the Asian market. The company has just reported that it has entered into a joint venture agreement with the owners of Hong Kong-registered Optionfortune Trade Limited, provider of binary options trading services. Under the terms of the agreement a new business entity will…

September 17, 2015 BY Maria Nikolova

TechFinancials stays downbeat on FY 2015 prospects, as OptionFair weighs on results

The company confirms that it will not be able to meet profit and revenue forecasts for the year to December 31, 2015, as its binary options brands OptionFair fails to deliver anticipated level of business.

August 21, 2015 BY LeapRate Staff

TechFinancials shares drop 25% after Revenues disappoint for first half 2015

Binary platform provider and operator TechFinancials Inc (LON:TECH) saw its shares tumble more than 25% Friday after a Trading Update revealed disappointing Revenues for the first half of 2015. TechFinancials - which sells a turnkey binary options platform solution and also operates its own regulated binary options brokerage OptionFair - said that first half revenues…

August 21, 2015 BY Maria Nikolova

TechFinancials posts revenues of $7.34 million in H1 2015

The revenues in the first six months of 2015 marked a slight increase from the $7.15 million registered in the first half of 2014, but OptionFair's performance seems to be lagging behind expectations.

Tag: OptionFair