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Binary Options Providers Ready to Meet Japan's New Regulatory Requirements

Jul 17 2013

When it comes to binary options trading, regulation has been a grey area for quite a while now, and the situation varies from country to country. The USA, for example, allow brokers to offer binary trading but under conditions that are practically impossible to meet – so there's no binary brokers there. Italy is agains binary options as well. Malta and Cyprus consider binaries to be a financial instrument and regulate them as if they are currencies or stock for example. Japan... well, let's talk about Japan. 

In November 2012 the Japanese Financial Services Agency (FSA) imposed a ban on new binary brokers entering the market and announced that it would be revising the statute of binary options. The reason for this was FSA's concern that in some of its forms, binary options resembles gambling too much. 
Later on, the Financial Futures Association of Japan (FFAJ) issued a proposal, in which it outlined suggestions for offering binary options to Japanese clients in a way that would make more sense for considering this a financial service rather than gambling. The proposal included a comprehensive framework and included stipulation banning high/low and short-term binary options (such with trading period of less than 2 hours), set rules for marketing and advertising, etc. 
It seems that this proposal has now been turned into an actual regulatory framework, and binary brokers are ready to meet the changes. Let's take a look.

MarketPulse: New Japanese Binary Options Platform and an iPad app

Today is the day when MarketPulse, a leading provider or binary options solutions, is unveiling its new, FSA-compliant platform and iPad app. 
This compliance is achieved through a number of features such as fixed strike prices, market-based pricing, buy and sell prices, historical price data, etc. 
The fixed strike prices are in fact a set of fixed prices that are issued in advance. Traders can then choose a strike price and trade on it. Market-based pricing is intended for call and put (also known as high and low) options; it reflects (as you can guess from the name) the actual market prices. Buy and sell quotes are displayed in the trading terminal at all times, as the new rules require.
All these changes are also implemented into the mobile app designed for iPad. MarketPulse promises that this app will be only the first one, and that we will soon be able to download iPhone and Android apps as well. 
"The new regulations are moving the market in a clear direction, creating a new opportunity for brokers," says Ravit Friedberg, Director of Products for MarketsPulse. "At MarketsPulse we work hard to stay current with regulations so to provide software compliant with major regulated areas," Ms. Friedberg continues, "this ultimately creates lasting Binary operations and long-term partnerships with brokers." 

SpotOption Introduces Ladder Trading for Japan

Another popular provider of solutions and platforms for binary options trading, SpotOption, has also made adjustments to its offering, so that it doesn't lose its Japanese business. 
SpotOption has developed the so-called Ladder feature, which, in its nature, is also a strike prices tool. Again, traders are presented with a number of fixed prices to choose from, and with the corresponding profit/risk ratios. 
"We've worked hard to give the Japanese a product that they can offer the mass amount of traders that are looking for binary options in these regions. Spot Ladder exceeded all expectations, and we're excited to see the reactions," said Pini Peter, founder of SpotOption. 

TradoLogic Presents Binary 100

TradoLogic is not staying behind the competition. Its Binary 100 platform was also developed with the specifics of the Japanese binary options market in mind, “a new, revolutionary and legally sound way to trade binary options” as the developer calls it. 
Binary 100 lets traders predict whether an event will happen (BUY) and generate a profit from the difference between the price at which the asset was purchased, and 100. Of course, users can also predict the possibility of an event not happening (SELL) and generate profit as well. 
TAGS: binary options  binary options trading  Japan  FSA Japan  binary options regulation  MarketPulse  SpotOption  TradoLogic 

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