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cision now and consist of things like contemporary fountains yluljvf - hflmdocx - 21.08.2013 11:59

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miu miu online sito ufficiale The binary options industry has had a shaky start to 2013 and the question of regulation of the industry seems to be in a state of flux currently. Both the location of binary options platforms and their regulation are hot topics. A growing number of traders seem to be falling in love with the allure of binary options trading because they can achieve extremely high returns in a relatively short time frame. On a single trade, the binary investor can score a profit ranging from 50% on the low end up to as much as 95% revenue on the highest end simply by predicting the movement of just about any publicly traded financial instrument. Unlike traditional trading, the binary investor doesn't have to be right about (or even pay any attention to) how much the instrument's price will move, just the direction it will move, simply higher or lower. There are several jurisdictions that offer regulation for the binary options industry. Most binary option platforms are registered and regulated in Cyprus under the Cyprus Securities and Exchange Commission (CySec). This regulation is designed to supervise and control the operation of the Stock Exchange and the transactions carried out in the Stock Exchange. Obviously the recent Cyprus events in the economy haven’t helped with investor confidence, but what is clear is that the EU through the actions by the Cyprus SEC has already seemed to decide that the binary option product can fall within the definition of financial instruments under MiFID and are therefore covered for now by this regulation. But some countries and regulatory agencies are now challenging this assertion apparently started by the Cyprus SEC, which makes the background to binary trading worth a second look. The binary trader chooses whether the price will go up or down by a fixed expiry time, with an all or nothing fixed return. If correct the trader gets the payout or if incorrect the investment is forfeit. While at first glance it would seem appropriate to classify these investments as financial instruments perhaps the most important factor routinely overlooked is that the trading is not done through an exchange against other investors as future options are ordinarily traded, but rather with binary trades they are placed directly against the operator of the binary platform, which takes the other side of the binary trade. It is easy to see the gray area for the question to come up: Should these binary trades be considered online gaming or online investing? In other words should binary options be regulated by the likes of the SEC and FSA, or are they better aligned under the regulatory purview of an e-gaming regulator? The binary options industry was shaken in the past month with the economic troubles in Cyprus. These woes had a knock on effect to the binary industry due to many binary options brokers being both regulated and located in Cyprus. More recently the industry was shaken again when the Italian regulator Consob reportedly blocked ipotion.com, tradersmarter.com, bocapital.com, eztrader.com, startoptions.com, and anyoption.com from trading in Italy. One of the first to publish this news was Forex Magnates which gives an excellent explanation of the current issues and highlights the need for proper regulation (article can be found here: http://forexmagnates.com/italy-banning-binary-options-blocks-ips/). This recent Italian judicial development will be welcomed by many binary options traders as it will force the various providers to gain regulation and prevent the more dubious operations who had been operating without a license from trading in these geographic locations. As reported by Forex Magnates the Italian Court was specifically concerned with the marketing and advertising by the named binary options platforms. “Consob believes that binary options closely could resemble gambling and are not in compliance with Italian financial rules due to the way the product is marketed”. Reading between the lines, and this could be a sign of things to come, this would be a hammer blow for companies regulated in jurisdictions with Security & Exchange regulation such as the Cyprus SEC as it would move the goal posts on regulation. These companies would then be viewed more as gambling rather than securities or financial instruments. Time will tell. When one considers that the binary option trade is in fact made directly against the binary platform operator itself, not against other investors through an exchange, it would seem that there is justification for the Rome Court to state that binary options really are nothing more than a fixed odds bet which would make it more sensible that they be regulated as such by online gaming regulators not financial regulators. There are numerous nations who offer legitimate online gaming licenses for regulation and protection of online gaming consumers including a number of the British Isles, Caribbean countries, Malta, Costa Rica, and even the The Kahnawake Mohawk Indian Reserve in Canada, all offering reliable online gaming regulation. While this is more traditionally reserved for online casino operations and sportsbooks, they will now clearly be entering the online investment and trading world though fixed odds betting products on the financial markets like binary options. Investors can now choose whether they wish to trade on an exchange against other investors, or instead can choose to place trades directly against "the house". Rather than gambling on a game of cards or a sporting event however, the subject matter for the bet against the house is the performance of the financial markets. Some binary options brokers are already regulated under online gaming, having avoided from the outset the Cyprus dichotomy altogether. The Isle of Man which is based in the British Isles has been establishing itself as an e-gaming mecca with leading companies such as Pokerstars licensed to operate from there. The Isle of Man’s Gambling Supervision Commission (GsC) has a good reputation for being strict on admittance and enforcement where British law and legal rules are followed. Interestingly there already seem to be a few binary options brokers regulated there under gaming as opposed to financial services. We asked for comment from one such binary platform, MarketsWorld.com, as to why they chose to become regulated to operate under e-gaming from the Isle of Man? Bruce McLean, PR Manager for MarketsWorld said “many initially questioned our logic in basing our operation in the Isle of Man due to the strict entry of regulation. We believe it was the right call, especially when one looks at the current economic climate and problems facing Cyprus the other regulatory avenue we might have pursued. We looked at Cyprus and Malta and, despite the added difficulty and regulatory scrutiny involved with the Isle of Man, it was always important to MarketsWorld that we wanted to be a British licensed company. By being regulated by the Isle of Man GsC it gives our clients total peace of mind that their deposits, earnings, and our real time quotes delivery systems are 100% safe and fair so they can focus 100% on trading”. No doubt the recent events transpiring in both Cyprus and in Italy's Courts have reinforced that companies like MarketsWorld appear to have been ahead of the curve in foreseeing that binary options should be considered e-gaming and betting instruments not financial services. Whilst many binary options brokers appear to have overlooked the importance of considering proper regulation prior to publicly trading their products, perhaps viewing regulation as nothing more than lip service or red tape, with many companies having chosen to go the Cyprus route to their peril, these most recent and continuing developments have highlighted the importance for correct regulation and there is bound to be a rush by binary trading websites now, not only to seek to legitimize their operations through some regulation but to assess what sort of regulation is actually appropriate for such a product and how they describe it and market it so as not to mislead the public by calling it something other than what it is, and getting themselves into trouble with the Courts in Italy or elsewhere.


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