Leading Binary Options Market Makers Welcomes Niels Vahman, Former CEO of ForexTrading.com, a Saxo Bank Group Company

LIMASSOL, Cyprus, November 14, 2012 /PRNewswire/ --

Niels Vahman was appointed Chief Executive Officer and Executive Director at licensed Binary Options Market Makers, s.o.SpotOption (http://www.sospotoption.com). Working closely with the founders of the company, Niels will take part in leading the company to further product developments and company expansions. s.o.SpotOption is the first Binary Options platform providers to become licensed Market Makers, regulated by CySEC.

Niels Vahman brings eleven years of experience in leading the forex industry, as Niels comes to SpotOption from forex pioneers, Saxo Bank. Niels served as Senior VP, head of Southern Europe for SaxoBank, as well as CEO/Managing Director of Saxo Bank group company, F.T. World Ltd (ForexTrading.com).

"We chose Niels after a long and thoughtful process of recruitment," says Pini Peter, Founder of SpotOption. "We believe that Niels brings with him the necessary experience to lead s.o.SpotOption in the right direction, and ensure that we stay the industry leader as far as regulation, service, and technology are concerned."

"The Binary Options industry is where forex was 10 years ago," says Niels Vahman, newly appointed CEO of s.o.SpotOption. "As I see it as the new forex, the possibilities are endless. I wanted to be part of the history in the making and I wanted to do it with the experts. SpotOption has a good B2B reputation of providing a state-of-the-art trading platform, and now the regulated market making services for Binary Options has completed the solution. This combination will give the new market participants in the binary options industry, whether a large Forex Broker or a startup company, an outstanding position with an already proven track record. When I look back at my career in the forex industry with Saxo Bank, I see a similar path for my career in the Binary Options field - but with even more potential."

Tammy Levy
Director of Marketing
T: +357-24-022-455
E: tammyl@spotoption.com

SOURCE SpotOption Ltd.

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