Trading in options pdf10 comments
Insurance broker websites
The Instrument explicitly prohibits advertising, offering, selling or otherwise trading a binary option, as defined in the Instrument, with or to an individual. The specified time or time period for determining whether the predetermined condition or conditions are met can be very short, sometimes hours or even minutes. The underlying interest of a binary option could be, for example. Section 3 is designed to support the prohibition in section 2, by preventing a party that offers a binary option from avoiding the prohibition by having their proposed client create a corporation or other type of entity to trade binary options.
For example, if the original term to maturity of a binary option is 30 days or longer from the time it was first made available for trading, the binary option would not be caught by the Instrument.