London-listed financial trading technology provider TechFinancials is considering legal action against its former joint venture partner IBID Holdings, after cancelling the companies' agreement and accusing the investment vehicle of breaching the terms of the deal.

The JV was established in February this year, tasking IBID with managing one of TechFinancials’ B2C binary options trading brands. IBID was meant to invest an initial $300,000 into the project and integrate the trading solution with its online marketing platform by May 1st.

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