This month is enriched with neoteric developments and news related to the binary options industry. Possibly, not only binary option brokers, but also most experienced binary option traders are trying to outline the future of binary options brokers now.
Considering the newly introduced regulations and the global forum of the International Organization of Securities Commissions (IOSCO), looks like one of the main changes on the way for binary options brokers will be related to the improvement of binary brokers’ operations and investors’ protection.
The springs’ events may as well perceived as the spring to come for binary options community in its efforts to fight scam binary options brokers and to find more refined tools for evaluation of the best binary options brokers.
The Cyprus Securities and Exchange Commission (CySec,) recognized binary options as a financial instrument at the beginning of the month in a response of binary options community needs for elaborating of an upgraded legislation framework. Furthermore, after consultations with the European regulatory authorities, CySec introduced new requirements, related to binary options brokers’ operations and structure.
Just two weeks after the aforementioned event, the International Organization of Securities Commissions (IOSCO) held its 37- the Annual Conference in Beijing during which, the worldwide association of national securities regulatory commissions has announced its plans for restructuring of the institution’s governance structure, operations and funding. IOSCO stated that it would continue to contribute to ongoing efforts in the global regulatory reform.
In the program of the global forum has not been included discussions concerning the binary options industry. Although, the panel four on last Thursday has been related to the regulation of commodity futures and financial derivatives. The main presented topics have been affiliated to the regulation of commodity futures and financial derivatives; the cross-border cooperation and information sharing of derivatives regulation; regulation and trends in major commodity futures markets, like oil and grain futures. All aforementioned themes may be a signal for forthcoming news connected to the regulation of binary options industry too.
These two major events for the binary options community outline the following aftermaths:
- Firstly, active steps of various supervising bodies have been done in order to improve the regulatory framework for binary options industry.
- Regulating authorities of binary options industry are focused now on the better investors’ protection, eliminating of binary options scams and building of an environment favorable only for best binary options brokers.