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Revision as of 15:39, 8 June 2014 view sourceSmallbones (talk | contribs)Autopatrolled, Extended confirmed users, IP block exemptions, Pending changes reviewers59,647 edits →Regulation: "voluntarily" is totally inaccurate← Previous edit Revision as of 16:50, 8 June 2014 view source Smallbones (talk | contribs)Autopatrolled, Extended confirmed users, IP block exemptions, Pending changes reviewers59,647 edits remove unreliable sourceNext edit →
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| foundation = 2009 | foundation = 2009
| location = | location =
| key_people = Oren Shabat Laurent<ref name=amend>{{cite web|title=CFTC Amends Complaint against Banc de Binary, Ltd. to Charge Three Affiliated Corporate Entities with Violating the CFTC’s Ban on Trading Options Contracts Off-Exchange|url=http://www.cftc.gov/PressRoom/PressReleases/pr6923-14|website=www.cftc.gov|publisher=U.S. government|accessdate=8 June 2014}}</ref>
| key_people = Oren Laurent (CEO)<ref name="InvestingInterview" />
| industry = ] | industry = ]
| homepage = | homepage =
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'''Banc De Binary''' is a ] trading company headquartered in Cyprus and Israel.<ref name="one"/> Investors using its service bet on future prices of gold, oil, stocks or market indexes and are paid a return if their predictions come true within a set amount of time.<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> '''Banc De Binary''' is a ] trading company headquartered in Cyprus and Israel.<ref name="one"/> Investors using its service bet on future prices of gold, oil, stocks or market indexes and are paid a return if their predictions come true within a set amount of time.<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. 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>


==Regulation== ==Regulation==

Revision as of 16:50, 8 June 2014

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

Banc De Binary is a binary options trading company headquartered in Cyprus and Israel. Investors using its service bet on future prices of gold, oil, stocks or market indexes and are paid a return if their predictions come true within a set amount of time.

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

Regulation

In June 2013 the Securities Exchange Commission and the Commodity Futures Trading Commission filed lawsuits against Banc De Binary as part of an increased effort to regulate prediction-based trading following a lawsuit with Intrade. The SEC said that Banc De Binary stated in 2012 that half of its 250,000 investors were based in the US. However, the North American Derivatives Exchange is the only such service authorized by the US government to operate in the country. Banc de Binary states that it has stopped offering its services to US 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. "CFTC Amends Complaint against Banc de Binary, Ltd. to Charge Three Affiliated Corporate Entities with Violating the CFTC's Ban on Trading Options Contracts Off-Exchange". www.cftc.gov. U.S. government. Retrieved 8 June 2014.
  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. Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times. In a warning, the agencies added that only one binary options exchange had been granted exchange status in the US, Chicago-based North American Derivatives Exchange.
  7. https://bancdebinary.com/
  8. "Regulated Binary Options Brokers". Binary Tribune. June 11, 2013.
  9. 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 that came to the UK in February ...
  10. "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.
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