Binary options broker wiki
In finance, an electronic trading platform also known as an online trading platformis a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, binary options broker wiki a communication network with a financial intermediary or directly between the participants or members of the trading platform.
This includes products such as stocksbondscurrenciescommoditiesbinary options broker wiki and others, with a financial intermediary, such as brokersmarket makersInvestment banks or stock exchanges. Such platforms allow electronic trading binary options broker wiki be carried out by users from binary options broker wiki location and are in contrast to traditional floor trading using open outcry and telephone based trading.
Sometimes the term trading platform binary options broker wiki also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial markets that could formerly only be accessed by specialist trading firms.
They may also be designed to automatically trade specific strategies based on technical analysis or to do high-frequency trading. Transactions have traditionally been handled manually, between brokers or counterparties.
However, starting in the s, a greater portion of transactions have migrated to electronic trading platforms. These may include electronic communication networksalternative trading systems" dark pools " and others. The first electronic trading platforms were typically associated with stock exchanges and allowed brokers to place orders remotely using private dedicated networks and dumb terminals.
Early systems would not always provide live streaming prices and instead allowed brokers or clients to place an order which would be confirmed some time later; these were known as ' request for quote ' based systems. Trading systems evolved to allow for live streaming prices and near instant execution of orders as well as using the internet as the underlying network meaning that location became much less relevant.
Some electronic trading platforms have built in scripting tools and even APIs allowing traders to develop automatic or algorithmic trading systems and robots. The client graphical user interface of the electronic trading platforms can be used to place various orders and are also sometimes called trading turrets though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders. During the period from tothe development and proliferation of trading platforms saw the setting up of dedicated online trading portals, which were electronic online venues with a choice of many electronic trading platforms rather than being restricted to one institution's offering.
From Wikipedia, the free encyclopedia. Retrieved 10 June Retrieved from " https: Electronic trading platforms Share trading. All articles with unsourced statements Articles with unsourced statements from September Articles with unsourced statements from March Views Read Edit View history.
Banc De Binary was an Israeli financial firm with a history of regulatory issues on three continents. It sold binary options on assets including foreign exchange. It was barred from accepting U. In countries where it was not banned, the company operated an online trading website through which customers could buy binary options, predicting whether the price of a certain commodity will go up or down in a specific time period, as short as 60 seconds.
The binary options broker wiki of the option was not a market price, but was set by SpotOption Exchange itself. The Wall Street Journal described it as "a website that allows people to bet on the price of gold, oil or stocks".
The company allowed people to wager on changes in the price of various assets by using a pricing platform provided by an Israeli company, SpotOption, and customised by Banc De Binary. Customers did not own the asset but instead predicted whether its price would rise or fall.
The company offered several kinds of options; customers could make predictions of the price of over global assets including commoditiesstocksindicesand currencies using several variations of the trading platform including classic binary options long term options, and sixty binary options broker wiki options,  and pairs trading. In JanuaryOption. According to the fake news site, Hawking developed a trading algorithm which would in effect transfer wealth from the top 0.
The site led to a trading site operated by Option. A binary options broker wiki journalist traced the scam to Banc De Binary, which did not respond to his inquiries. Hawking's office at Cambridge University denied any connection to the scam. Banc De Binary Ltd. The organization was founded by Oren Shabat Laurent, a year-old as of American and Binary options broker wiki citizen who lives on the outskirts of Tel Aviv.
A company official announced on January 9, that the company would be closing because of "consistently negative press" coverage. The firm remains under supervision by CySEC regarding previously incurred obligations and the formal closing of the firm. The Times of Israel reported that some industry insiders were skeptical that Banc De Binary was really closing, but was rather relocating and changing its name. The CFTC warned more generally of "fraudulent schemes involving binary options and their trading platforms".
District Binary options broker wiki for the District of Nevada to prevent and freeze any further trading with U. Banc De Binary at first refused to appear in court in the United States for depositions.
Despite this, Banc de Binary was brought to trial in Nevada. Binary options broker wiki followed an earlier hearing where in the absence of any representation from Banc De Binary, charges were binary options broker wiki via email and by post. Binary trading in the United States is legal, but it needs to be done through properly registered and regulated exchanges such as NADEX. In response to the U. Refunds are being handled by the National Futures Association as court-appointed monitor.
They allegedly impersonated SEC employees promising to help victims of Banc De Binary's scams obtain repayment of lost funds. On 7 April CySec announced that they had fined Banc De Binary 10, euros after it had 'concealed material information in its request for authorization CIF submitted to the commission in Augustnamely concealed the existence of close links between it and another company'. In the UK, Daily Mail newspaper journalist Tony Hetherington reported allegations that Banc De Binary withdrew funds from the accounts of two clients without binary options broker wiki. Banc De Binary has since denied any wrongdoing.
The BBB report also wrote that the "site essentially allows investors to gamble on the future price of something at a point in time". In Canadait is listed on the Ontario Securities Commission 's Investors Warning List of "companies that appear to be engaging in activities that may pose a risk to investors". The AMF also pointed out that, due to the "all or nothing" nature of binary options, an investor who wrongly predicts market movement will lose his entire investment.
The AMF also, binary options broker wiki the CFTC, included a more general warning about the risk of fraud in binary options trading in the same press release.
From Wikipedia, the free encyclopedia. Banc De Binary Type. Retrieved January 12, Retrieved February 2, Banc De Binary to Close Down". Archived from the original on Binary options broker wiki 9, Retrieved January 9, Archived from the original on January 13, Retrieved January 10, Retrieved January 11, Commodity Futures Trading Commission v.
Banc de Binary Ltd. Commodity Futures Trading Commission. Archived from the original on Archived from binary options broker wiki original on 15 November Retrieved 11 June Retrieved Aug 11, Archived from the original on January 12, Retrieved January 22, Unravelling a fake news story involving Stephen Hawking". Retrieved June 26, Banc de Binary, et al. Archived binary options broker wiki the original on Binary options broker wiki 17, Retrieved February 4, He later transferred to Infinity Private Investment Funds.
Archived from the original on October 4, Retrieved January 23, Our projections were for 10, client accounts by the end of We'd doubled that number by June. Cyprus Securities and Exchange Commission. Archived from the original PDF on Bank of England Financial Services Register. Retrieved 8 July Archived from the original on January 11, Retrieved January 24, Australian Securities and Investments Commission. LR; August 1, ". Retrieved 19 June LR; June 7, ".
LR; August 1, Retrieved January 26, Factors that binary options broker wiki the rating for Banc De Binary include: Securities and Exchange Commission. Retrieved 15 October Retrieved 13 January Retrieved from " https: Companies established in Financial services companies of Israel Financial services companies of Cyprus Financial derivative trading companies Online gambling binary options broker wiki Defunct companies of Israel Defunct companies of Cyprus 21st-century scandals Confidence tricks Fake news Finance fraud.