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MARKETS TODAY :

  • EUR/USD1.1415 (+0.3278%)
  • EUR/JPY128.3210 (+0.4462%)
  • GBP/USD1.2970 (+0.3280%)
  • AUD/USD0.7674 (+0.4411%)
  • USD/CAD1.3032 (-0.0391%)
  • USD/CHF0.9578 (-0.1938%)
  • USD/CNY6.7796 (-0.2751%)
  • NZD/USD0.7304 (-0.0588%)

An option that is related to global markets in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or nothing at all if the option expires out of the money. The success of a binary option is based on a yes/no proposition, hence “binary”. A binary option automatically exercises, meaning the option holder does not have the choice to buy or sell the underlying asset.