Binary options platforms go opensource: Binarystation launches enterprise solution and provides source code to brokers

Binary options technology provider Binarystation has today announced the launch of what it considers to be a disruptive new solution for the binary options sector, in the form of an enterprise binary options trading platform solution in which the entire source code is provided to broker partners which use the software. A particularly interesting aspect […]

Binarystation launches enterprise solution and provides source code to brokers

Binary options technology provider Binarystation has today announced the launch of what it considers to be a disruptive new solution for the binary options sector, in the form of an enterprise binary options trading platform solution in which the entire source code is provided to broker partners which use the software.

A particularly interesting aspect within this new solution is that brokerages, partners and white label brands will be able to modify and adapt the platform to suit the purposes of their business model, following the direction which the more sophisticated retail FX platforms have taken over the last few years.

Logo-BinarystationAccording to Binaryware, this solution is intended to be positioned toward brokers and entrepreneurs who wish to have a proprietary platform, but wish to avoid the inherent costs that come with developing and maintaining their own software solutions.

In addition to this, Binaryware is stepping away from the traditional method of capitalization among binary options platforms in that the new solution will be provided to brokerages for a one-time fee rather than capitalized on a monthly basis through trading volume.

This avoids any potential concerns that the platform provider itself is engaging in any brokerage business which could create a conflict of interest with its corporate clients.

Mikhail Chistyakov, Managing Director of Binaryware today made a commercial statement on the launch of the new platform

“We have identified that many brokers have made significant investments into their IT teams. Our philosophy has always been that the broker should have full control over their solution and that the broker ideally should be independent of their technology provider. For these reasons we are launching the enterprise solution, free of monthly fees, and putting total control into the broker’s hands in regards to technology.”

Photograph: Example of source code in Perl programming language

Read this next

Digital Assets

FTX co-CEO, SBF’s close associate sentenced to 90 months in prison

Former FTX executive Ryan Salame has been sentenced to 90 months in prison after pleading guilty to criminal charges last September.

blockdag

BlockDAG Dominates Crypto Presales With $34.7M Milestone, Surpassing Floki And Bonk In Market Influence

Discover how BlockDAG’s cutting-edge dashboard and presale achievements upstage Floki and Bonk in the cryptocurrency arena, signaling superior investment opportunities.

Market News, Tech and Fundamental, Technical Analysis

Dogecoin Technical Analysis Report 28 May, 2024

Dogecoin cryptocurrency can be expected to fall further toward the next support level 0.1500.

Retail FX

Canadian broker Questrade taps TradingView charting

Canadian securities brokerage Questrade has upgraded its web platform by integrating popular charting software TradingView.

Fintech

Germany lifts N26’s monthly cap of 60,000 new clients

Germany’s financial regulator has lifted a cap on the number of new clients that N26 Bank AG can take on after the fintech company improved its anti-money laundering controls. BaFin, the country’s financial watchdog, will remove the cap entirely from June 1, 2024.

Education

Animals and the money: Octa broker gathered the most popular slang words in financial markets

If you’ve seen ‘The Wolf of Wall Street’ with Leonardo DiCaprio as Jordan Belfort, you might have wondered why he’s called a wolf in the movie. It’s not just a random label. Animals are often used in finance to describe traders, their traits, or market conditions.

Industry News

Octa’s Global Ramadan Impact

Charity activities are an essential part of Ramadan celebrations. Octa seized this opportunity to implement a series of socially beneficial initiatives worldwide. Read about the projects the broker carried out in Indonesia, Malaysia, and Nigeria.

Digital Assets

Nexo integrates The Tie’s advanced real-time analytics

“Learning to analyze and “hear” the market takes time, but it also takes information. Together with the Tie, we are acting on our commitment to ensure all users have fast access to market sentiment and movements, enhancing their experience, strategies, knowledge, and engagement through valuable data-driven insights.”

Executive Moves

The Financial Commission appoints FastMT’s Aytugan Khafizov to committee

“We are thrilled to have Mr. Khafizov join our dispute resolution committee. His deep expertise in financial trading systems and his commitment to improving trading technologies will significantly strengthen our efforts in providing fair and efficient resolutions for our members’ clients.”

<