The iFXExpo held during May in Limassol, Cyprus, was very fruitful for binary options provider MarketsPulse. It engaged in discussions about the maturing binary options industry, and launched new software features.
For more on the news, here is information from the official press release:
At the end of May, MarketsPulse joined other leaders in the B2B Financial Industry to take part in the iFXExpo held in Limassol, Cyprus. Over 1,500 senior executives were in attendance with over 60 international exhibitors. MarketsPulse was busier than ever meeting with and speaking to many industry veterans and those looking to join the Binary Options Industry.
MarketsPulse was pleased to host industry heavyweights, Drew Niv from FXCM and Peter Hetherington from IG Group, in an exclusive workshop that led to an engaging discussion on the future of the binary options industry. Speakers agreed that the binary options industry is maturing and discussed the need for specialized players once the industry further matures, similar to the structure of the forex industry. As Peter described, “You’ve got companies who are good at getting clients and servicing those clients. I think you’ve got companies who are good at creating technology and I think you’ve got companies who are good at doing pricing”¦ I think the market will fragment and specialize.” This specialization will also keep companies from acting on both sides of trades and therefore will promote trust within the industry, as Drew pointed out, “trust in financial markets is everything.”
Rachely Esman, CEO of MarketsPulse also commented on the changing structure of the binary options industry, “I think one of the challenges we see today with the binary options industry is the limited trade sizes. Each broker is actually running his own market, his own operation, by himself. By changing the structure, to more of a connected grid in which you manage flow more efficiently, we can break this glass ceiling that we predict sooner or later will be something that will prevent the industry from growing any further.”
During the expo, MarketsPulse also unveiled their new tablet trading application and advanced charting features. The new tablet trading application is the latest in MarketsPulse’s suite of mobile offerings allowing traders access to trading anywhere, on-the-go. The advanced charting features which MarketsPulse has introduced include the ability to add real-time indicators such as momentum, moving averages, volatility and TRIX among many others to trading graphs.
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