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Revision as of 04:29, 8 June 2014 view sourceCorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits Acceptable use of a primary source to supplement a secondary one, but the weak source from Binary Options Tribune doesn't seem needed anymore← Previous edit Revision as of 04:31, 8 June 2014 view source CorporateM (talk | contribs)Extended confirmed users, File movers, Pending changes reviewers, Rollbackers40,012 edits I'm not sure about this source - might be a press release repost? or perhaps it is just promotional because it is from a trade - not sureNext edit →
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'''Banc De Binary''' is a ]- and ]-based financial enterprise specializing in ] on ], ], and ].<ref name="one"/> Customers predict whether ] price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.<ref name="one">{{cite news|newspaper=Financial Times|date=June 7, 2013|title=US launches civil action against Banc de Binary|first1=Gregory|last1=Meyer|first2=Arash|last2=Massoudi |url=http://www.ft.com/intl/cms/s/0/f507568e-ced9-11e2-8e16-00144feab7de.html?siteedition=intl#axzz33htcsGvs}}</ref><ref>{{cite web|url=http://online.wsj.com/article/SB10001424127887324798904578529241482337164.html|title = Regulators Sue Prediction Site, Allege Illegal Options|publisher = Wall Street Journal |accessdate = 11 June 2013|archiveurl=http://www.webcitation.org/6L9hopyb5|archivedate=2013-11-15|quote=Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.}}</ref> It is one of the three largest binary options providers, along with 24Options and AnyOption.<ref name="three"/> '''Banc De Binary''' is a ]- and ]-based financial enterprise specializing in ] on ], ], and ].<ref name="one"/> Customers predict whether ] price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.<ref name="one">{{cite news|newspaper=Financial Times|date=June 7, 2013|title=US launches civil action against Banc de Binary|first1=Gregory|last1=Meyer|first2=Arash|last2=Massoudi |url=http://www.ft.com/intl/cms/s/0/f507568e-ced9-11e2-8e16-00144feab7de.html?siteedition=intl#axzz33htcsGvs}}</ref><ref>{{cite web|url=http://online.wsj.com/article/SB10001424127887324798904578529241482337164.html|title = Regulators Sue Prediction Site, Allege Illegal Options|publisher = Wall Street Journal |accessdate = 11 June 2013|archiveurl=http://www.webcitation.org/6L9hopyb5|archivedate=2013-11-15|quote=Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.}}</ref>


The company was founded on January 15, 2009.<ref name="InvestingInterview">{{cite web|url=http://www.investing.com/brokers/banc-de-binary/interviews/banc-de-binary-ceo-oren-laurent-opens-up-on-binary-options-169615 |title=Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary |publisher=] |date= |accessdate=2013-11-11|first=Susan |last=Wright }}</ref> In 2010 it launched an online trading system at BBinary.com.<ref>{{cite news|publisher=Investment Weekly News|date=June 26, 2010|title=Banc De Binary BBinary.com Launches New Innovative Online Broker|pp=46|quote=Banc De Binary, an international investment firm, has announced its launch of BBinary.com, its online binary options trading platform.}}</ref> The company was founded on January 15, 2009.<ref name="InvestingInterview">{{cite web|url=http://www.investing.com/brokers/banc-de-binary/interviews/banc-de-binary-ceo-oren-laurent-opens-up-on-binary-options-169615 |title=Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary |publisher=] |date= |accessdate=2013-11-11|first=Susan |last=Wright }}</ref> In 2010 it launched an online trading system at BBinary.com.<ref>{{cite news|publisher=Investment Weekly News|date=June 26, 2010|title=Banc De Binary BBinary.com Launches New Innovative Online Broker|pp=46|quote=Banc De Binary, an international investment firm, has announced its launch of BBinary.com, its online binary options trading platform.}}</ref>

Revision as of 04:31, 8 June 2014

Banc De Binary
Company typePrivate
Industrybinary options
Founded2009
Key peopleOren Laurent (CEO)
Websitewww.bancdebinary.com/

Banc De Binary is a Cyprus- and Israel-based financial enterprise specializing in binary options on commodities, stocks, and market indices. Customers predict whether asset price will go up or down in a specific time period, where the payoff is either some fixed amount of some asset or nothing at all.

The company was founded on January 15, 2009. In 2010 it launched an online trading system at BBinary.com.

Regulation

On June 5, 2013, the Securities Exchange Commission filed a complaint alleging that Banc De Binary had been offering and selling binary options to investors across the U.S. without first registering the securities as required under the federal securities laws. In a message posted on Banc De Binary's website, the company stated that it "is voluntarily discontinuing ... all business with U.S. residents."

From 25 February 2013, Banc De Binary is registered "subject to limited regulation" by the U.K.'s Financial Conduct Authority.

External links

References

  1. ^ Wright, Susan. "Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary". Investing.com. Retrieved 2013-11-11.
  2. ^ Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
  3. "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013. Banc de Binary offered U.S. customers options contracts on wheat, gold, currencies and stock indexes through its website, according to the CFTC complaint. The site essentially allows investors to gamble on the future price of something at a point in time.
  4. "Banc De Binary BBinary.com Launches New Innovative Online Broker". Investment Weekly News. June 26, 2010. p. 46. Banc De Binary, an international investment firm, has announced its launch of BBinary.com, its online binary options trading platform.
  5. "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
  6. "Binary Options Trading Online with Banc De Binary". Retrieved 2013-08-17. {{cite web}}: |archive-date= requires |archive-url= (help)
  7. Kortekaas, Vanessa (October 30, 2013). "Fears rise as foreign forex operators fall outside UK regulation". Financial Times. Banc de Binary, a Cyprus-based binary options trading company ... came to the UK in February.
  8. "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.
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