The recently launched Peer- to- Peer (P2P) model platform has been approved and will operate in the EU through Novox Capital Ltd (NVX) under the Cyprus Securities and Exchange Commission (CySEC) supervision
About 10 months ago NVX with its software provider TRADOLOGIC approached the CySEC presenting its new concept of a purely P2P based trading venue. After the initial positive feedback and months of assessment and adjustment, CySEC has officially issued an approval notice allowing NVX to act as a P2P-based trading venue under CySEC’s regulatory framework.
P2P or better, a trader to trader Execution venue model, simply matches two or more traders together who take opposite positions on the same financial instrument. Concerning the new laws and regulations coming from CySEC, the P2P model is meant to improve the winning traders ratios, reduce the possible conflict between operators and traders and restore back the confidence in the binary industry.
Nadex and Cantor Exchange have already been running a similar business in the US for years under CFTC strict supervision and it was only natural that Europe will follow, especially with the current dynamics in the binary options industry. TRADOLOGIC’s platform, however, supports a whole lot more assets, including currency pairs, stocks, indices, commodities and futures.
Michael Golod, CEO of TRADOLOGIC commented: “I have no doubt that this is the future of trading digital options and I am delighted that we are getting on the same page with EU regulators. I’m positive that we will witness a massive growth in trade volumes over the next few months and we’ll see our hard work pay off.”
TRADOLOGIC and NVX offer a turnkey EU regulated solution, including binary options trading, FX and CFD’s and P2P options trading. The company will keep looking for new opportunities to improve and expand their portfolio of products and services and meet the highest demands of this competitive market.
About Novox Capital
NVX is a Cyprus based investment firm (CIF), offering various regulated financial services. It is licensed and regulated by the Cyprus Securities and Exchange Commission under license number 224/14.
TRADOLOGIC is a premium white label trading software provider, which offers innovative solutions for both established brokers and startups. It powers brands on a worldwide scale by finding the right balance between being a customer oriented company and maintaining the highest technological standards in building cross-platform solutions.