Markets Today :

  • EUR/USD1.0795 (+0.1243%)
  • EUR/JPY120.1840 (+0.4455%)
  • GBP/USD1.2467 (-0.3963%)
  • AUD/USD0.7622 (-0.0249%)
  • USD/CAD1.3377 (+0.1910%)
  • USD/CHF0.9909 (-0.2165%)
  • USD/CNY6.8802 (-0.0581%)
  • NZD/USD0.7025 (-0.0512%)

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.

Alexander Jakins
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