"Forex Magnates": The binary options trading company is planning an offering on the AIM.
Online binary option trading platform Anyoption Ltd. is planning to following Plus500 Ltd. (AIM: PLUS) into the public market. Anyoption is planning an IPO on London’s Alternative Investment Market (AIM), reports industry news site "Forex Magnates". The company value for the offering will apparently be a few hundred million dollars.
Anyoption is incorporated in Cyprus, under the name Ouroboros Derivatives Trading Ltd., not in Israel. It has one of the largest sites for binary options trading and uses proprietary technology. A binary option is a high-risk/high reward investment instrument which promises a predetermined return on investment, thereby eliminating the difference between the price of the deal and the expiry price of the option. It is called "binary" because there are two possible outcomes: a profit at the predetermined return, or a total loss.
Anyoption was founded in 2007 and its site operates in nine languages. It was reportedly founded by Shai Detika, who previously founded eTrader Ltd. and Shai Asulin, an industry veteran. Most of the company's management is Israeli, and according to IVC, it has 200 employees.
Published by Globes [online], Israel business news - www.globes-online.com - on May 7, 2014
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