What are the Current Top World Markets for Binary Options?

What are the Current Top World Markets for Binary Options? 5.00 / 5 (100.00%) 1 vote

What are the current top world markets for binary options? In many ways, the growth of binary options has been overshadowed by the larger financial storylines that have been generated since binary options trading platforms were organized in 2008. Still, binaries have soldiered on and have been gaining ground in both investor acceptance and breadth of products available for consideration since that time.

While a number of individual stocks have been made eligible for binary trading, a much larger market is found in broader classes of financial products. Traders on the CBOE can use these options on one of the widest possible classes of all the S&P 500 (ticker: BSZ). Broader still is the BVZ option for the CBOEs own volatility index, VIX .

The binary phenomenon has been gradually seeping into other asset classes as well, such as commodities and foreign stock indices. One of the most promising binary option trades has developed in the field of forex options where all of the usual pairs of currencies are well represented.

The USD/CHN pairing is of course highly popular with binary traders at the current time. While it has faded somewhat as a reserve status currency, the British Pound remains a financial powerhouse and thus the USD/GBP option is always well represented. Recent extraordinary measures by the Bank of Japan has led to a surge in interest in the USD/JPN ratio.

Beyond these obvious heavyweight currency contenders, the markets have been witnessing a somewhat unexpected rise in options traffic on the heretofore ignored Australian Dollar, which has somehow become a rather significant player in foreign exchange circles. While the AUD/CHN pairing sees little action due to the way in which the two economies are increasingly intertwined, the AUD/JPN action has been rising on a year-on-year basis to the point where it is now frequently deserving of mention on financial news roundups and business reports worldwide.

In the few short years since it was first given the go-ahead to trade on the American markets, binaries have spread widely, yet they still tend to be concentrated on those assets which enjoy large volumes of trade. In that regard, they are still a subsidiary trade that is piggybacking off the interest generated by the parent investment rather than serving as a stand alone type of investment vehicle.

As interest and public awareness of them grows, it is expected that they will become a much more widely-used tool for investors, which will, in turn, open up even more avenues for them to be associated with. For now, however, when asking what are the current top world markets for binary options, the answer would probably have to be either the many currency pairs now subject to the binary traders or else the highly-respected offerings from the CBOE, particularly the very broad S&P 500 binary. The binary wave continues to build and the best is yet to come.