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A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.

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Saxo Bank introduces Contract Options trading

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Saxo Bank Expands Product Offering, Adds New Range of CFD

- Saxo Bank FX offering now includes Spot, Forwards, Vanilla Options and Binary Touch Options. Saxo Bank , the specialist in online trading and investment, today announced the launch of six Binary Touch Options on its trading platform.

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In mathematics, a binary operation on a set is a calculation that combines two elements of the set (called operands) to produce another element of the set. More formally, a binary operation is an operation of arity of two whose two domains and one codomain are the same set.

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