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| Company type | Private |
|---|---|
| Industry | binary options |
| Founded | 2009 |
| Key people | Oren Laurent (CEO) |
| Website | www.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. It is one of the three largest binary options providers, along with 24Options and AnyOption.
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
- ^ Wright, Susan. "Banc De Binary CEO Oren Laurent Opens Up on Binary Options - with Banc De Binary". Investing.com. Retrieved 2013-11-11.
- ^ Meyer, Gregory; Massoudi, Arash (June 7, 2013). "US launches civil action against Banc de Binary". Financial Times.
- "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.
- ^ "Regulated Binary Options Brokers". Binary Tribune. June 11, 2013.
- "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.
- "Regulators Sue Prediction Site, Allege Illegal Options". Wall Street Journal. Archived from the original on 2013-11-15. Retrieved 11 June 2013.
- "Binary Options Trading Online with Banc De Binary". Retrieved 2013-08-17.
{{cite web}}:|archive-date=requires|archive-url=(help) - 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.
- "Financial Services Register 2013". Bank of England Financial Services Register. Jun 2013. Retrieved 8 July 2013.