Banc De Binary Quits The USA (For Now)

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Banc de Binary Quits US (For Now)

25 January 2020

A few weeks ago we posted that Banc de Binary was quitting the USA. This was denied at the time by BdB but today they have sent BinaryOptions.net an official release that they are in the process of working with the CFTC to become a regulated binary options broker in the United States.

It is unclear if BdB is planning on embarking on a real exchange type business like the one currently being provided by IG Group’s NADEX unit, or it will be only offering it’s existing platform in the US.

Full statement below. This is a positive sign that the industry is moving towards regulation.

BANC DE BINARY OFFICIAL STATEMENT REGARDING CFTC

Banc De Binary has announced that as of January 25 2020 it is in talks with the CFTC in order to obtain regulation for its operation as a binary options exchange in the United States. The New York headquartered company currently provides an online binary options platform where investors can trade on the direction of over 200 assets. The CFTC approached Banc De Binary after the company became the first EU regulated binary options brokerage (CySEC license 188/13). In accordance with CFTC requirements, Banc De Binary will not be accepting new US clients during the course of negotiations. Customers from abroad and existing US customers will still retain full access to all company services. Since its founding in 2009, Banc De Binary has complied with all federal and state laws regarding banking and compliance procedures. However specific regulation for binary option trading has not previously existed. The company has long voiced its desire for industry regulation so as to better protect traders, and has said that it would comply with all applicable procedures. The introduction of regulation in the EU, and now in the US, legitimizes binary options as a financial instrument in their own right and adds credibility to this relatively new and quickly growing industry. The acquiring of a license is recognized as the guarantee of a firm’s professional standards and financial security for clients. Banc De Binary made the decision to begin operating only in regulated countries in order to continue leading the binary options market and convert binary options into a viable financial product in the banking world. It looks forward to working with regulators worldwide in its commitment to providing a quality investment service to all clients.

US stops buying bonds – but pension schemes carry on

America’s central bank is to stop QE, which spells bad news for bond holders.

7:00AM BST 23 Jun 2020

THE US Federal Reserve confirmed last week that its quantitative easing (QE) programme would be coming to an end later this year or early in 2020. This “tapering” of the printing of new money to buy bonds has forced investors to re-evaluate the risks of owning fixed-interest assets.

The Bank of England has also expressed concern. Andy Haldane, a director, told MPs earlier this month that the “biggest bond bubble in history” was at risk of bursting.

But just as gilt yields start to rise – and prices start to fall – it has been disclosed that pension funds are pouring cash into these assets.

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After a decade-long gilt bull market, the tide has turned and bond yields have started to rise. But just as savvy investors sell off the asset, insurance companies and pension funds invested £1.3 trillion in gilts in 2020, a rise of 8pc on the previous year, taking their holdings in gilts to record highs.

According to Banc De Binary, an options trading firm, the most recent information available from the Debt Management Office showed pension firms snapping up the so-called “safe haven” investment.

Oren Laurent, the head of Banc De Binary, said: “While gilts have always been an important part of institutional investors’ portfolios, over the last few years they have been piling out of equities and into UK government debt on a massive scale.”

But not for the first time, it seems that they have timed the market badly.

In a bid to offer investors some balance against the volatility of the stock market, private and institutional investors have snapped up gilts since the credit crisis. But after a decade-long bull market, during which 15-year gilt yields fell from 6pc to 2pc, yields are now on the rise again.

Mr Laurent added: “The high price of gilts is not sustainable and we have already seen one big tremor hitting gilt prices this year. With yields this low, more investors view gilts as overpriced and a fall in their value could well be on the cards.”

He said this could be the signal for institutional investors to start to re-evaluate bond holdings in their portfolios.

TONY HETHERINGTON: Four fake students – with a first-class degree in deception

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