TechFinancials (AIM: TECH), the premium binary options platform provider, announced that in 2015 the revenue from its business-to-business segment grew 30% year-on-year, while the number of active binary brokers using the company’s platform increased 16.7% to 56, from 48 in 2014. Respectively, the revenue from core software licensing also rose 30% and reached $8.6 million. In comparison, in 2014 it was $6.6 million.
In spite the overall good performance of TechFinancial’s B2B segment, however, the preliminary results for 2015 showed that the overall Group revenue decreased by 12% to $13.6 million, from 15.5 million in 2014. Unlike 2014, when the company reported an operating profit of $1 million, in 2015 it reported a loss of $100 000. The adjusted EBITD also decreased and barely reached $600 000, while in 2014 it was $2.3 million. The revenues from the trading platform dropped 44% to $5 million.
The negative impact came mostly from TechFinancial’s B2C business – OptionFair. It was affected by tougher regulation, leading to revenues and profitability.
In its report TechFinancial Group noted the launch of several new products for the B2B segment: a simplified forex platform and the mobile and tablet trading solutions. The company reports that it has also developed a CFD trading platform, which is expected to be launched in the second half of 2016. This year it is also working on a regulated solution for Japan and is expecting to complete a trading solution complying with the US trading regulations.
In 2015 TechFinancials signed an agreement with Optionfortune Trade Ltd. to run a new B2C binary options trading platform focused on the Asia Pacific Region
TechFinancials is among the leading providers of platforms for binary options, along with SpotOption, Tradologic, MarketPulse and TradeSmarter. Besides its B2B solutions, it also operates the OptionFair binary options broker.
TechFinancials was established in 2009 with the goal to create a simple solution for online brokers who want to provide to their retail customers a platform for binary options trading. The company software has a proprietary pricing engine for binary options and exotic options. In 2014 around 18% of all deposits for binary options trade were processed through TechFinancials’ software. Since 2014 the company began to focus on the Asian markets.
Among the brokers, running the TechFinancials’ software are OptionsClick, Binary International, 24option.com, Optionfair Partners, Planet Option, Optionsxo, Vantage FX, Exbino, 33option.com, YesOption, etc.