As Banc De Binary acquired a CySec license, numerous questions were triggered towards the company and the entire industry in general by the investors. Now, Banc De Binary has decided to make its stances clear and announced that they are currently undergoing the process of working with the CFTC in an attempt to become a regulated binary options exchange in US. However, they are yet to clarify whether they have any plans to embark on a real exchange type business like that of NADEX Unit (Operated by the IG Group) or only the existing platform in US will be offered.
The negotiations have officially started on 25th January and the officials of Banc De Binary are currently looking through ways to obtain the required regulation. The company, which has its headquarters in New York, has its own online binary options trading platform and through the same, it is possible for investors to trade over more than 200 different assets.
Incidentally, Banc De Binary became the first ever EU regulated binary options brokerage after it acquired the CySec license and CFTC approached the company after this. To comply with the basic requirements, Banc De Binary will not accept any new US clients during the entire course of negotiation. However, the customers from US or anywhere else in the world will have complete access to all of the services offered by the company.
Banc De Binary, which was founded in 2009, has so far complied with all the required state and federal laws, as far as compliance and banking procedures are concerned, as stated by the company officials. They added that there was not any specific type of regulation for the binary options earlier. They commented further that Banc De Binary has always talked of the importance of industry regulation in an attempt to provide better protection to the customers.
The regulation for binary options was earlier introduced in the Euro region and now in US as well. This regulation attempts to legitimate all the binary options as a separate financial instrument and also adds credibility to this type of newly introduced trading industry which is growing at a pretty fast rate as well. If a company acquires the required license, this defines that the firm is guaranteeing financial security for the clients and comply with all the required professional standards.