The worlds of online gaming and binary betting have been converging at an eye-catching rate in recent years. iNTERGAMINGi speaks to Ofri Noier from binary options platform provider TradoLogic, one of the companies leading the charge .
TradoLogic takes great pride in its position at the forefront of the binary betting industry, offering its financial trading platform to white-label operators around the world.
There’s no need to take iNTERGAMINGi’s word for it, the trophy cabinet at the TradoLogic headquarters in Sofia, Bulgaria, is crammed full.
Already in 2014, the company has been named Best Binary Option Provider – South-East Asia at the IAIR awards ceremony in Hong Kong and scooped two more gongs from the Global Banking & Finance Review for binary options provision in Europe and, again, South-East Asia.
TradoLogic was established in 2008 by professionals with backgrounds in the financial, online gaming and technology industries. The company also has offices in the UK, Cyprus, Israel, Russia, Shanghai, Hong Kong, Singapore, the Philippines and Japan, employing more than 200 people.
The company has been hailed “the world’s leading binary option platform provider” for the innovative solutions it offers, also earning credit for “reinventing” the online financial trading and gaming industries.
High praise, of course, but TradoLogic also prides itself on diligent regulatory compliance. There are a few relevant regulations and, as might be expected, the company is up to speed on all fronts. “There is the Isle of Man network licence,” says Ofri Noier, “TradoLogic is in the final process of obtaining this licence.
“In the UK there are new regulations and again, we are in the final stages of obtaining the betting licence,” she continues. Gibraltar and Malta also offer licences and, of course, TradoLogic is “working towards” obtaining these too.
But there’s also the matter of financial regulation. CySEC - the Cyprus Securities and Exchange Commission – is the country’s financial regulatory body and grants licences covering financial trading.
“It is part of the EU,” says Noier, “and [the licence] can be ‘passported’ to all EU countries. TradoLogic already has this licence and offers sub-licensing possibilities.”
Read the full article in the issue 2/2014 of iNTERGAMINGi
