TechFinancials Moves Away from Binary Options Business, Sells OptionFair

[kreslik.news]

TechFinancials (LON:TECH), a UK-listed trading technology provider for the financial industry, today announced it has finally moved away from the binary options industry, having sold its OptionFair brand which is run through the company’s subsidiary in Cyprus, B.O. TradeFinancials.

TradeFinancials, which first entered the space in 2009, has also divested itself from its Seychelles-regulated subsidiary MarketFinancials Limited. Since January 2015, MarketFinancials has operated as a liquidity provider, providing binary options and forex market maker services as well as risk management to the group.

Both entities were sold to a Cyprus based company called S Win Holdings Ltd, which according to the filing is ... (read more)