Cantor Fitzgerald Introduces US Based Binary Options Trading

DailyForex.com Team

Cantor Fitzgerald is a worldwide capital markets investment bank whose name became legendary on September 11, 2001 when the company's corporate headquarters was demolished when the World Trade Center was struck. Though the company faced many financial setbacks since that time, the company's founders remained dedicated to rebuilding, and they were able to do so with the help of satellite offices throughout the world including those in London, Dublin, Cork and Limerick. Cantor Fitzgerald now possesses one of the largest institutional sales forces serving over 5,000 clients worldwide in 33 locations.

According to information originally published by Forex Magnates, in February of this year, Cantor Fitzgerald enjoyed a big moment of success when the U.S. Commodity Futures Trading Commission (CFTC) registered Cantor Clearinghouse as a Derivatives Clearing Organization (DCO), and CantorExchange as a Designated Contract Market (DCM), paving the way for the company to launch a new US based binary options trading exchange and sell binary options to US citizens.

Cantor Fitzgerald was formed as an investment bank and brokerage business in 1945 and has become known for its innovation in computer-based bond brokerage and the quality and success of its institutional distribution business model. It is also recognized for its strengths in the equity and fixed income capital markets, its global distribution model, and for its expanding presence as the leading independent middle market investment bank serving the marketplace with investment banking services, prime brokerage, and commercial real estate financing.

Both CantorExchange and Cantor Clearinghouse will be operating as subsidiaries of Cantor Fitzgerald and trading will be conducted through CantorExchange's electronic trading platform with trades settled through Cantor Clearinghouse.

The new CantorExchange platform is registered to offer trading in spot FX binary flex options contracts (FXSI) and additional fully margined binary options with risk profiles similar to FXSI contracts. Data available on the website presents CantorExchange as a strong competitor to Chicago-based derivatives exchange, NADEX (North American Derivatives Exchange), offering similar type binary options with a minimum account size of $100, a firm indication that it will be targeting an audience of retail traders.

Presently, the trading platform at CantorExchange's is limited to an iPad interface which offers users in most global regions a live practice system. The official launch date of the new platform has not been announced.

DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

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