TechFinancials Group is a software developer, supplying a simplified trading solution to online brokers through whom its software is used by traders worldwide. At present the Group supplies software and services to brokers in the rapidly expanding Binary Options market and has recently launched its simplified FOREX trading platform in beta version. It also operates its own online broker, www.OptionFair.com which, apart from being a profit centre in its own right, enables the Group to trial and evaluate products that it has under development.
The Group’s trading solution enables online brokers to offer their end-user clients simplified platforms on which to trade financial products. The trading platforms developed by the Group are accessible from all leading web browsers and mobile devices including smart phones and tablets (iOS and Android).
The worldwide Binary Options market, which the Group’s simplified trading solution is designed to address, is experiencing rapid growth and is presently worth approximately US$1 billion and growing at approximately 50 per cent. per annum.
The Group operates through two main business units:
- TechFinancials – a software developer which licences its simplified trading solutions and platforms to online brokers; and
- OptionFair – an online regulated broker (www.OptionFair.com) operated by B.O. TradeFinancials, utilising TechFinancials’ simplified trading solution
The Group presently employs 107 people and conducts its operations from offices located in Cyprus and Israel.