Exclusive: 24option Chooses Panda Trading Systems to Power New Forex Offering

Panda Trading Technologies (Panda TS), the trading solutions developer, announced today to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that 24FX, a division of the Rodeler Limited Group, best known for their leading binary options brokerage, 24Option.com, has chosen Panda TS as their technology vendor.

Panda TS’s Panda FX e-Broker Solution, a complete solution for running online FX businesses, will power 24FX’s entire operation. Panda TS will manage all operation and trading-related systems and integrate their solutions with 24FX’s proprietary marketing systems. The official launch will be in January 2015 and will include new website and new tools.

Still operating in beta mode, 24FX first launched in early 2014 with a competing Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term and has since decided to go in another direction. “The move to Panda TS is indicative of our fast-paced growth and development," explained Richard Huntington - VP Business Development, 24FX. “We’re not new at this game. We knew very well that we needed more than an off-the-shelf solution to really differentiate our offering. Panda TS was able to provide us with the exact customizations necessary to support our brand’s rapid scalability. Their proven track record and unmatched level of service and support are what make us confident in this mission-critical decision.”

“We are very happy to work with 24FX to build and support the entire operational infrastructure of this first-class brokerage,’ said Maor Lahav, Panda TS Co-Founder and COO. “As we have witnessed with the Group’s 24Option brand, brokers like 24FX, with their extensive industry knowledge and experience, set the bar higher for the industry as a whole. We’re honored and excited to help them make that happen.”