Binary option is a new way in trading the price within the largest global market. It has the similar perspective of an auction where you sell a thing or stuff or property even cash.
If you are interested in buying and the only thing to do is to give a high beat of price and there will be some person will beat your price. The way of payoff is simple yes or no sounds like deal or no deal.
But are you not wondering where binary option came from? Everything has owned their story and origins. And Binary options has its own story, it already starts for more than 30 years, was before 1973.
Before its only limited in the close market, trading from the old day was not that big. The year 1973 the Chicago Board of Exchange (CBOE) was the one who started the binary options trading as one of the financial instruments.
The trading of this exchange was handled by the Board of Trade and they made the binary options as OTC transactions. OTC stands for “Over-the-counter”, a secured trading that stocks are traded in via dealer networking that opposite in central exchange.
However, the binary options trading before is not that so standardized, because of their poor regulation and to conquer this challenge. The Options Clearing Corporation helps the binary option to gain respect or more standardized through having a clear instruction and better transparency. Through the past years there are several improvements in the world of binary options; however, they still limited for a small portion of trades.
In the year 2008, the binary option was completely changed when the SEC take the proposals that made by the Options Clearing Corporations. Because of the proposal, binary options can enter the major and largest markets in the world as one of the financial instrument. First, it was used by American Stock Exchange and it was followed by the CBOE. Nowadays binary options are using on trading all over the world and take many investors that this financial instrument even exists.
Technology has been conquering the modern days, because of this the binary options become popular. Before some investor is not aware of the binary option, it was changed when binary options start appearing in mobile devices and there are already trade online. And it made a new regulation for better security and safety.
One more significant improvement in binary option is the binary options brokers. This is the result of the improve regulations, they serve their clients better by offering a great customer service and give more trading tools such the real-time market data and news.
Because of the improvements, it gives amazing benefits to the modern way of trading and until now this financial instrument becomes more popular. Everything has a humble beginning, in the history of the binary options lead us to the easy and more creative way in trading especially its already supported by the modern technology. As of now binary options keep improving for the future for binary options traders.