BINAREX (Binary Exchange) is the product of famous binary options platform provider “Tradologic.” It will be using Tradologic platform. Tradologic will officially launch it on the 14-15th of November 2016 at the Finance Magnates London Summit and the main purpose of introducing this product is to diminish the conflicts of interest between traders and brokers. It is to provide the sustainability and to make sure that the whole process is transparent and actually fair to all the parties.
It will be situated in Europe and we believe that BINAREX will bring openness in the market. Michael Golod, CEO of Tradologic said that traders who wants to work with a transparent broker would definitely find it useful. They want to introduce the fair trade execution just like what we have in the forex market. He also mentions that the model has been thoroughly inspected and studied by regulators. They have received great reviews by EU & non-EU financial regulators.
With this new model, traders will be able to get better prices/quotes etc which will ultimately bring better returns and brokers will also be earning a profit (brokers will get to make money whether their client make money or lose it.)
To make the BiNAREX simple to understand, consider two traders are matched – seller and the buyer will agree to their price while broker will take a small amount of commission for trade facilitation.
Retail traders in the US are already using the Exchange-traded binary options whereas Cantor Exchange, Nadex and NYSE have products that are regulated by the U.S. Commodity Futures Trading Commission (CFTC).
Tradologic should aim on increasing the liquidity because due to low volume deals will not match and they will have poor value trades. If they want to be successful they should have high liquidity.
Let’s wait and see if BINAREX really change the future of binary options trading!