An official announcement made by Stock.com outlines that Lead Capital Markets, the company behind it, is launching a binary options solution to the market. The brand will be using a platform provided by Keystone, which developed it in conjunction with Playtech, a company that is affiliated with the Israeli billionaire Teddy Sagi.
Mr Sagi still owns a third of Playtech’s shares after last year he cashed in a stake worth $481 million (£326 million). One of the top ten Israeli billionaires is also affiliated with two other businesses known across the forex industry – London AIM listed payments provider SafeCharge, which reported earlier today that its profits for 2014 have risen 11 times, and online advertising company Crossrider, which also went public last year.
Stock.com is already using a license from the Cyprus Securities and Exchange Commission on the name of Lead Capital Markets, to provide forex trading using Leverate’s Sirix platform solution.