Fundamentals of futures and options markets 8th edition test bank pdf
Due to the special features of binary options and the nature of trading platforms, trading in binary options is similar in its essence to gambling. Trading in binary options on regulated trading platforms will adversely affect not only all the clients of these platforms (including sophisticated clients) but also the reputation of the market as a whole. According to the ISAs decision, any application for a trading platform license that includes binary options will be rejected, unless the applicant notifies the ISA within 30 days that it amended the application to conform to the ISAs decision and it ceased all trading in binary options, excluding client withdrawals, closing of accounts, and closing of positions.
It is a minefield for those hoping to make a quick buck, particularly when the trading is done via unregulated platforms. Most of the investors are Chinese Singaporean men aged between 31 and 50.