Derivatives trading technology developer SpotOption announced today the launch of its latest product, Digital Contracts. These promise to provide a transparent new way to trade on assets with real-time prices such as stocks, commodities, currencies, and indices.
SpotOption says that Digital Contracts are extremely marketable as they offer several advantages to the trader. They have negative balance protection (traders can only lose as much as their allocated investment), no margins or leverage required, as well as no swap points, rollover, or commissions. They also offer a two-sided, continuous price display, and are being launched together with the new and upgraded SpotOption mobile platform.
The developers emphasis that Digital Contracts were developed in accordance to the regulatory standards of major financial regulators, as the market leaders of the industry convey that these standards are essential for brokerage sustainability.
“Providing the industry with innovative new trading products has always been the focus at SpotOption,” says Pini Peter, founder of SpotOption. “This time, developing a product that would comply with regulatory requirements yet not lose the marketability and attractiveness that previous simplified products entailed was the goal. We trust that our Digital Contracts encompass these qualities, and are preparing ourselves for the influx of traders and brokers that they will bring to the industry.”
SpotOption recently announced its latest platform version, Spot5, which it will present at the upcoming IFX EXPO in Cyprus, May 23-25. Spot5 focuses on complying with regulation in terms of trading products, as well as offering brokers and traders automated tools for running business activity and trading.
(Photo: FortuneZ)
