Sign-In

Great to see you again

Get Started
Test

Welcome

You're Set

Contact us now

Why hesitate?
The opportunity is here
Our details
Just fill out the
few contact details
contact form

News

SpotOption Introduces their Latest Option – The Weather

LIMASSOL, Cyprus, December 1, 2014

Leading binary options platform provider, SpotOption, gives binary a new twister

SpotOption announces the launching of their latest white label, Weathika. Weathika.com was built by a group of entrepreneurs from various backgrounds in the hi-tech and financial industries. The platform collects data from thousands of local weather stations throughout all major urban areas in the United States. With the use of these highly sensitive weather stations, they are able to provide traders with the most accurate, up to the minute, weather updates.

SpotOption’s technology, and trading engine, was the perfect fit for this “up” and “down” weather prediction game. SpotOption’s traditional platform technology provides financial assets and their rates, through connectivity with top feed providers. The trader chooses the asset, examines the given option price, and predicts if the price will rise or fall by the expiry. With the latest breakthrough, Weathika, it works very similarly. However, instead of financial assets, the platform offers locations. Instead of prices or rates, it offers temperatures. The trader then predicts if the real temperature at expiry will rise or fall from the offered temperature in the option.

Recent studies by economists at Penn State’s Smeal College of Business and College of Earth and Mineral Sciences have tested whether futures markets can be used to accurately forecast the weather, and, so far, they’ve found the markets to be just as accurate as major forecasting services. In addition, the results so far show the market to be far more profitable for predictors who are studying meteorology than those who are studying business. This is consistent with economic and financial models that suggest that better informed traders can reap substantial profits from their inside information. (Stephen J.Dubner, http://www.freakonomics.com).

“Our team at SpotOption is always searching for new and innovative ways to add dynamics and excitement to binary options, says Ran Amiran, CEO of SpotOption. “Until now, financials has been our forte, but our partners at Weathika have shown us that binaries can be much more. Regardless of what is being traded, our goal remains to provide the mainstream with the most simple and best trader experience. Ever.”

Back to News

SpotOption was established in 2010, and is officially today’s leading binary options platform provider. SpotOption white labels the full business solution for brokers who want a trading platform for their online brokerage. With a staff of over 250 employees, including top programmers, developers and designers, SpotOption’s trading platform was awarded the 2015 “Best Binary Options Platform Provider” by Finance Magnates. SpotOption has offices in London, Hong Kong, and the Middle East. SpotOption prides itself on innovation, with unique features that give binary options a dynamic twist (such as One Touch, 60 Seconds, Option Builder, Algo Trading, Ladder, etc.) and a mobile app that is unrivaled with state-of-the-art graphics and features. SpotOption’s white label solution can be provided as a complete, stand alone operation, or can be easily integrated with full API into an existing operation or with MT4 platform.
SpotOption offers a multi-platform solution, which includes Web-based, Download, Mobile, Land-based, Mobile and WeChat. The web-based platform is a hassle free, no download necessary platform. It doesn’t tie a trader to a single computer, and is accessible from anywhere that there is internet. The downloadable platform is the preferred method for regions such as China, where delays on data transmissions due to poor internet connections are common. The ability to reduce dependency on the internet is imperative for trading on market volatility, as in binary options, where the slightest fluctuation counts.
The mobile platform has state-of-the-art design and functionality, and gives traders access from any location. Mobile marketing is simpler, and the touch buttons are natural and engaging for “call” and “put”. The Land-based is a regulated opportunity for on-site retail! You can start your own trading venue and allow traders to trade on-site, and continue from home, mobile, etc., with one multi-channel account. Short term expiries are 15, 30, 60, 90 seconds, especially for onsite trading. WeChat is no longer just a mobile app chat! With 271.9 million active monthly users, offering trading on WeChat has endless possibilities. The SpotOption WeChat platform has the same easy user flow as the regular platform, and designed specifically in accordance to the WeChat terms and requirements.
SpotOption is known for providing top service for in support of its technology. The Risk Analysis department monitors operator exposure, to ensure operator security and loss prevention from fraudulent or suspicious activities. SpotOption’s Risk Analyzers are equipped with data feeds and sophisticated algorithms that monitor all open positions, around-the-clock. SpotOption’s Account Managers give you a single, point-of-contact to ensure that your operation runs smoothly, from the delivery of your website to your profit phase. They are there to guide you, and to answer all issues you may have along the way. You will be in constant correspondence with them, and will find that this personal relationship gives you and your business the attention you deserve. SpotOption’s Support department was created with the goal of providing clients with the fastest, most professional, and efficient service possible for technical issues. The service portal is a professional ticketing system,that guarantees the fastest approach to determining problems and providing solutions. The team behind the support are trained professionals, who solve issues promptly and courteously, to guarantee that the client feedback to the support handling will be a positive one. SpotAcademy is the department at SpotOption that educates clients on the binary business and the tools they have been equipped with. From the one-of-a-kind CRM to new features, the trainers at SpotAcademy supply you with the key to running your business successfully – knowledge. SpotAcademy also boasts a unique knowledge portal, that gives clients all the education needed to thrive in the industry. Through the portal, labels log in and find manuals, tutorials, recorded webinars on subjects such as products, backoffice tools, mobile apps and industry trends.
SpotOption’s clientele stands at 300 labels, and they hold 65% of the market share. SpotOption has expanded globally with clients in North America, Europe, Asia, Middle East, Australia, and now USA through licensed Exchange. SpotOption provides trading technology to some of the largest brokerages in the online industry, such as Banc de Binary, Banc de Swisse, Itrader, and many more.