Leading UK brokerage IG has renamed the binary options product on its website. The company is now using a new name for the same type of all-or-nothing binary outcome contracts. The company calls the contracts 'Digital s', which stands for the outcome of the trade.

Traders are given a certain scenario for a number of assets. The maximum price of a contract is , hence the name of the product. Traders have the opportunity to buy or sell the contract at a certain price with the minimum value of the contract being 0. When the deal expires, the client wins if the given direction up or down has been predicted correctly. IG Group has most likely renamed the product to prevent bad publicity around binary options from reaching the company.

The swift reaction of the firm comes as several companies from the industry, including one of the biggest brokerages Banc De Binary , have dramatically downsized.

Banc De Binary has officially closed doors. Several brokers regulated by the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments. Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading.

Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing. Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries.

Who is Listed on an Exchange? As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.

Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange NYSE , the Tokyo Stock Exchange TSE , the London Stock Exchange LSE , and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings IPOs.

Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Not all exchanges are created equally, with some outperforming other exchanges significantly.

The most high-profile exchanges to date include the New York Stock Exchange NYSE , the Tokyo Stock Exchange TSE , the London Stock Exchange LSE , and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings IPOs. Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments. Read this Term 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 , 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 and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.

Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies. This includes provisions for Cyprus Investment Firms CIF , who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.

Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since , CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities.

CySEC is currently chaired by Demetra Kalogerou, who has held the role since The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission CySEC is a financial regulatory authority of Cyprus.

Read this Term laid off staff last year. The move is a response to the increased scrutiny which regulators are applying when dealing with companies that are offering binary options. Bad press across the UK market is also spreading a bad name for the product. Hundreds of clients across the EU have been scammed by unregulated companies offering binary options.

Leading UK brokerage IG has renamed the binary options product on its website. The company is now using a new name for the same type of all-or-nothing binary outcome contracts. The company calls the contracts 'Digital s', which stands for the outcome of the trade. Traders are given a certain scenario for a number of assets.

The maximum price of a contract is , hence the name of the product. Traders have the opportunity to buy or sell the contract at a certain price with the minimum value of the contract being 0.

When the deal expires, the client wins if the given direction up or down has been predicted correctly. IG Group has most likely renamed the product to prevent bad publicity around binary options from reaching the company. The swift reaction of the firm comes as several companies from the industry, including one of the biggest brokerages Banc De Binary , have dramatically downsized. Banc De Binary has officially closed doors.

Several brokers regulated by the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments. Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.

Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange? As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges.

This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.

Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange NYSE , the Tokyo Stock Exchange TSE , the London Stock Exchange LSE , and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings IPOs.

Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.

Read this Term 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 , 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 and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.

Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies. This includes provisions for Cyprus Investment Firms CIF , who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.

Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others.

The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since , CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.

Their service reflects a five-year term. The Cyprus Securities and Exchange Commission CySEC is a financial regulatory authority of Cyprus.

Read this Term laid off staff last year. The move is a response to the increased scrutiny which regulators are applying when dealing with companies that are offering binary options. Bad press across the UK market is also spreading a bad name for the product. Hundreds of clients across the EU have been scammed by unregulated companies offering binary options. In the meantime, the French financial regulator, the AMF, claims that a number of CySEC regulated firms have failed to repay deposits to clients participating in a 'mystery shopper' survey conducted by the watchdog.

The binary options industry has caught fire last year as a number of media reports have exposed questionable sales tactics. In response to the increased number of victims of fraudulent online binary options companies, European regulators including CySEC have dramatically changed the product. As a result technology providers started adapting to a new regulatory framework with Tradologic launching a binary options exchange product named Binarex.

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IG Group has most likely renamed the product to prevent bad publicity around binary options from reaching the company. Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. Bad press across the UK market is also spreading a bad name for the product. Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members. The Cyprus Securities and Exchange Commission CySEC is a financial regulatory authority of Cyprus. The maximum price of a contract is , hence the name of the product.

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