Shy Datika, anyoption CEO: “Regulators Can Bring a 180 Degrees Shift in the Market”
Finance Magnates met with Datika at the anyoption headquarters to hear his views on the market.
CEO of @anyoption discusses #regulation and #compliance in #binaryoptions
Shy Datika is one of the most knowledgeable people in the financial markets as well as binary options specifically as he has been there since the birth of the industry, as the founder and CEO of anyoption.
Now with major changes looming on the horizon, Finance Magnates met with Datika at the anyoption headquarters to hear his views on the current market as well as the future of the industry in general and his brokerage specifically. He talked about the IPO, how regulators should best protect traders, the costs and challenges of regulations and exciting new initiatives.
How do you see the regulatory landscape?
The changes in binary options regulations are part of a worldwide trend trying to increase financial transparency, just look at the fines tier 1 banks are getting for Libor manipulation and lack of transparency. While providing transparency the basic business context in the market has to stay intact, and the clients must be taken care of.
There is a fine line between positive and strong regulation changes – which its actions provide protection to its clients, or regulation that brings the opposite effect to the market and its clients and exposes the clients to new risks.
Regulators should ensure there is farther horizon and room for growth with transparency, even beyond the 100% growth it demonstrated year by year thus far.
source and more in FinanceMagnates http://buff.ly/1WoEQHQ
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