SpotOption
   HOME
*





SpotOption
SpotOption was a privately held platform software provider based in Israel in the controversial binary option industry, which was banned in Israel starting in January 2018. The firm announced that it has left the binary options business and is exploring other possibilities. It had previously announced a downsizing of its operations in Israel and moving many functions to other locations. The firm claimed to have 70 percent share in the market for binary options platforms, and charged binary options firms up to 12.5% of their revenues. The firm's office in Ramat Gan was raided in a joint operation between the Israel Police and FBI in January 2018. The FBI was searching for evidence in the case of Lee Elbaz. Elbaz, CEO of Yukom, a binary options broker, was accused of fraud. She was convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud in August 2019, and in December 2019 sentenced to 22 years in federal prison. As of March 2020 restitution to vic ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Banc De Binary
Banc De Binary was an Israeli financial firm with a history of regulatory issues on three continents. On January 9, 2017, the company announced that it would be closing due to negative press coverage and its tarnished reputation. The firm also surrendered its brokerage license with the Cyprus Securities and Exchange Commission (CySEC) removing its ability to legally trade in the European Union. Its 2014 revenues were reported as $100 million. It sold binary options on assets including foreign exchange. It was barred from accepting U.S. customers in August 2013 after being charged with several offenses by the Commodity Futures Trading Commission (CFTC) and U.S. Securities and Exchange Commission (SEC) in a civil lawsuit. The company agreed to pay $11 million in restitution and fines to settle the suit. It is also banned from accepting customers in Canada, Australia, New Zealand, and Israel. The company operated an online trading website through which customers could buy binary ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Binary Options
A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all.Breeden, D. T., & Litzenberger, R. H. (1978). "Prices of state-contingent claims implicit in option prices". ''Journal of Business'', 621–651.Gatheral, J. (2006). ''The volatility surface: a practitioner's guide'' (Vol. 357). John Wiley & Sons. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The former pays some fixed amount of cash if the option expires in-the-money while the latter pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).Binary Option Definition
Investopedia. Retrie ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Public Interest
The public interest is "the welfare or well-being of the general public" and society. Overview Economist Lok Sang Ho in his ''Public Policy and the Public Interest'' argues that the public interest must be assessed impartially and, therefore, defines the public interest as the "''ex ante'' welfare of the representative individual." Under a thought experiment, by assuming that there is an equal chance for one to be anyone in society and, thus, could benefit or suffer from a change, the public interest is by definition enhanced whenever that change is preferred to the status quo ''ex ante''. This approach is "''ex ante''", in the sense that the change is not evaluated after the fact but assessed before the fact without knowing whether one would actually benefit or suffer from it. This approach follows the "veil of ignorance" approach, which was first proposed by John Harsanyi but popularized by John Rawls in his 1971 ''Theory of Justice''. Historically, however, the approach ca ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Software Companies Of Israel
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists of machine language instructions supported by an individual processor—typically a central processing unit (CPU) or a graphics processing unit (GPU). Machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a particular storage location in the computer—an effect that is not directly observable to the user. An instruction may also invoke one of many input or output operations, for example displaying some text on a computer screen; causing state changes which should be visible to the user. The processor executes the instructions in the order they are provided, unless it is instructed to ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Financial Services Companies Established In 2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Options Traders
Option or Options may refer to: Computing *Option key, a key on Apple computer keyboards *Option type, a polymorphic data type in programming languages * Command-line option, an optional parameter to a command *OPTIONS, an HTTP request method Literature * ''Options'' (novel), a novel by Robert Sheckley * ''Option'' (car magazine), a Japanese car magazine * ''Option'' (music magazine), a defunct American music magazine Legal rights *Option (aircraft purchasing) *South Tyrol Option Agreement, a forced resettling contract between fascist Italy and Nazi Germany regarding the German-speaking inhabitants of South Tyrol *Option (filmmaking), a contractual agreement between a film producer and a writer, in which the producer obtains the right to buy a screenplay from the writer before a certain date. *Option (finance), an instrument that conveys the right, but not the obligation, to engage in a future transaction (for example, on some underlying security or on a parcel of real pro ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Global Gaming Expo
Global Gaming Expo (G2E) is a gambling industry trade show presented by the American Gaming Association (AGA) and organized by Reed Exhibitions. The flagship G2E convention debuted in 2001 and is held each fall in Las Vegas, Nevada. G2E Las Vegas The first Global Gaming Expo took place October 13, 2001 at the Las Vegas Convention Center (LVCC), featuring 375 corporate exhibitors, nearly 10,000 attendees, and VIP keynote speakers such as Academy Award-winning actress Whoopi Goldberg and then-chairman and CEO of MGM Studios Alex Yemenidjian. In previous years, LVCC had been the site of GEM Communications' World Gaming Congress & Expo (WGCE), which had maintained a partnership with and was essentially unrivaled as the industry's preeminent conference. After failing to negotiate a contract renewal with GEM in 2000, however, the AGA elected to launch G2E as a rival exhibition that would be "by the industry and for the industry." Its first year was also WGCE's last; sixth months afte ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


American Gaming Association
The American Gaming Association (AGA) is a Gambling in the United States, United States gambling industry association. It was founded in 1994 with the goal of promoting, educating and lobbying on behalf of the gambling industry through education and advocacy. The AGA's offices are located in Washington, D.C. The AGA addresses federal, legislative, and regulatory issues affecting its members, their employees, and customers, such as federal taxation, regulation, and travel and tourism matters. It also attempts to serve as the gambling industry's information clearinghouse, providing the public timely and accurate data. AGA members include major casino operators, financial and professional service companies, suppliers of gambling products, as well as representatives of state or regional gambling associations. Each year the AGA sponsors a major gambling trade show, the Global Gaming Expo. Frank J. Fahrenkopf, Jr., Frank Fahrenkopf, a former chairman of the Republican Party (United Sta ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




IGaming Business
''iGaming Business'' is a business-to-business (B2B) magazine focusing on the online gambling industry. It launched in 2003, and has two sister magazines - ''iGaming Business North America'' and ''iGB Affiliate''. The magazine is a bi-monthly publication. covering industry news, regulatory developments, and interviews with senior figures from the online poker, casino, bingo and sports betting space. It has featured interviews with CEOs of FTSE 100 and FTSE 250 companies. A website, igamingbusiness.com, publishes daily news from public and private companies in the sector. Michael Caselli has served as editor-in-chief of the three magazines for their duration, and is the co-founder of each of the magazines as they exist in their current format. Caselli leads the direction of each magazine and their accompanying conferences. ''iGaming Business North America'' ''iGaming Business North America'' was launched in May 2012 and covers regulatory progress in the United States. It has f ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

CySEC
The Cyprus Securities and Exchange Commission, ( gr, Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex brokers have obtained registration from CySEC. Before 2018, CySEC had been a regulator of choice for many binary options brokers. History CySEC was launched in 2001 as part of section 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public corporate body. When Cyprus became a member of the European Union in 2004, CySEC simultaneously became a part of the European MiFID regulation, giving firms registered in Cyprus access to all European markets. However, joining the EU and adopting the Euro significantly changed the financial regulatory framework that CySEC policed for what had been prev ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]