TechFinancials Concludes Joint Venture With Optionfortune

TechFinancials (LON:TECH) has confirmed the creation of the joint venture which the company detailed in earlier announcements in October and November last year. The company will be taking part in a major B2C effort run by Optionfortune Trade Limited, which is a Hong Kong registered company.

The partnership will boost the company's footprint on the lucrative Asian market, where binary options technology providers have been facing increasing competition from local companies that reverse engineer trading platforms.

Other technology providers in the binary options industry have been relying on partnerships with White Labels White Labels White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye Read this Term. However, when a tech provider manages to secure a joint venture, such as is the case with TechFinancials, the synergy between the two becomes tighter and the platform provider may dedicate additional resources to customizing a solution for the specific necessities of a given market.

With the peculiarities of the Asian market in mind, if the joint venture of TechFinancials succeeds and manages to attract substantial client numbers from the region, the binary options provider's stock could begin its road to recovery.

Currently the London Alternative Investment Markets (AIM) listed company's shares are trading at 12.12 pence, which is over 55 per cent lower than the listed price of 27 pence. Since the company became public in March 2015, after an initial rally towards 48 pence per share, the firm's stock dropped as low as 10.15 pence just before the announcement about the joint venture.

The Asia Pacific region has become something of a holy grail for binary options providers, which are looking to establish their presence beyond Europe. Emerging markets seem to be the right kind of target with relatively unsophisticated investors, however the costs of user Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will play a key part in the business of binary options brokers and technology providers aiming at the region.