Novox Capital Gets CySEC Approval to Launch P2P Binary Options

Novox Capital and its technology provider TRADOLOGIC received the green light from the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) to launch a new product. The peer-to-peer trading venue for binary options contracts will become the first of its kind to get licensed in Europe.

The application by Novox Capital was submitted about 10 months ago, with TRADOLOGIC announcing that it is working on the product during the Finance Magnates London Summit last November.

In contrast to market making binary options providers, the new trading venue’s founders state in an official announcement that the new venue will sport a trader to trader Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term model.

Nadex and Cantor Exchange have been operating in a similar way in the US under the supervision of local regulators. In peer-to-peer execution, traders with opposing views on the market will be matched so that their trades are placed on their platforms. It is further stressed by Novox Capital Ltd's management that in no way the approval by CySEC of the P2P execution venue/platform allows it to operate an exchange or an MTF.

The developers of the product believe that the P2P model is going to improve the winning traders’ win ratios and reduce the possible conflict of interest between brokers and their clients.

TRADOLOGIC’s platform supports several asset classes including currencies, stocks, indices, commodities and futures.

The CEO of TRADOLOGIC, Michael Golod, elaborated in an official announcement: “I have no doubt that this is the future of trading digital options and I am delighted that we are getting on the same page with EU regulators. I’m positive that we will witness a massive growth in trade volumes over the next few months and we’ll see our hard work pay off.”