January 12 – Tottenham Hotspur have announced EZTrader as its Official Binary Options Trading Partner. Spurs are the sixth football club partner for the binary options broker.
The deal will run through to the end of the 2018 season. Eztrader.com will receive advertising at Tottenham Hotspur home matches and across the club’s communication channels, including tottenhamhotspur.com.
A binary option is a type of option where the trader takes a yes or no position on the price of a stock or other asset, predicting it will have risen or dropped in price by a certain date (chosen by the trader). The binary option can be exercised only on the expiration date – it the stock and settles above the price fixed, the buyer or seller of the option receives a pre-specified amount of money. Similarly, if the option settles below a certain price, the buyer or seller receives nothing.
EZTrader was founded in 2008 and has been a leader in the relatively binary options trading field. It offers trades on more than 120 assets, including: commodities, stocks, currency pairs and indices. The company is one of the few binary option companies that is publicly traded – in the US on the OTCQX best market, under the symbol of ‘EZTD’.
Shimon Citron, Chief Executive Officer for EZTrader, said: “As we continue to build our business and brand across Europe, it is increasingly important for us to have a partner in London, a financial and sporting capital. Tottenham Hotspur is an ambitious and iconic Club and, with London as its home, the perfect choice of partner for us.”
Spurs follow French club AS Monaco as an official partner, joining fellow Premier League club Everton, Germany’s VfL Wolfsburg and Sweden’s AIK. In 2014 the binary options broker also signed deals with German Bayer Leverkusen and Dutch team Feyenoord.
Fran Jones, Head of Partnerships at Tottenham Hotspur, added: “EZTrader is building a strong presence in football with several partnerships across Europe and we are delighted to be coming on board. We look forward to working closely with them over the next two and a half years.”
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