Binaries Contact Details

Contract Details: Binaries

• Range of Markets
• Forex
• Stock Indices
• Share CFDs
• DMA Equities
• Commodities
• AUD Denominated CFDs
• Binaries
• • Types of Binaries 
  • Example: 'Buying' 
  • Example: 'Buying' 
  • Example: 'Selling' 
  • Example: 'RBA Cash Rate' 
  • Contract Details 
• Options Trading
• Rates and Bonds

Contract Details

FX

Stock Indices

Stock Indices: Forwards

Stock Indices: Sectors

Shares

Commodities

Binaries

Options

Rates & Bonds

Binaries are a special form of instrument with an 'all or nothing' payment profile.

Binaries allow you to trade on discrete financial events and only ever have two outcomes, either settling at 100 or 0. For example, we might be quoting a Binary on whether Wall Street will settle up on the day. If the event occurs (in this case, Wall Street settling at a higher price than the previous day's close) the Binary settles at 100, if it does not the Binary settles at 0. These are the only two possible settlement prices.p>

Please note that the time at which a Binary settles is often expressed in the name of a product. For example, 'Wall Street 18.00 Up/Down'. For Australia 200 Binaries the time is Australian Eastern Standard Time. For all other Binaries the time is London time.

Binaries: Stock Indices

The details of our Stock Index Binary contracts are given in the following table:

Binaries Information Table

Notes to table

Binaries are cash settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Product Disclosure Statement as a Binary Option.

1. The price quotation for each Binary is expressed in points. If the outcome described by the Binary occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero.
2. The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.
3. For the purpose of Binaries, the FTSE, Wall Street, US Tech 100, US SPX500, Germany 30, Korea 200, and India 50 prices will be rounded to two decimal places. The Japan 225, Singapore Blue Chip and Australia 200 prices will be rounded to one decimal place. Hong Kong HS42 and Taiwan All-Share prices will be rounded to the nearest whole number. If a market settles exactly on a Binary barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if Wall Street closes exactly 20 points down, the Wall Street to finish down 0-20pts will settle at 100 and Wall Street to finish down 20-40pts will settle at 0.
4. The deposit required for a Binary or collection of Binaries on a given market will be equal to the maximum potential loss from that Binary or collection of Binaries.
5. The ASX 200 index usually closes at 16.00 Sydney time. Australia 200 trades will be settled basis the official settlement of this underlying index. This settlement is usually announced approximately 15 minutes after the close of the market and may differ from the market level showing at 16.00 Sydney time.
6. Daily Wall Street Binaries are quoted from one hour after the previous close until one minute before the next close of the underlying market. The underlying market normally closes at 16.00 (New York time). Note that all trades will be closed basis the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 16.00 price of the underlying index.
7. Daily US SPX500 Binaries are normally quoted from one hour after the previous close until five minutes before the close of the S&P 500 index. The S&P 500 index normally closes at 06.00 Australian Eastern Standard Time, although this is subject to change with daylight saving. Note that trades will be settled basis the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market level showing at 06.00 (AEST).
8. Daily US Tech 100 Binaries are normally quoted from one hour after the previous close until five minutes before the close of the NASDAQ 100 index. The NASDAQ 100 index normally closes at 06.00 Australian Eastern Standard Time, although this is subject to change with daylight saving. Note that trades will be settled basis the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market level showing at 06.00 (AEST).
9. Daily FTSE Binaries are normally quoted from 30 minutes after the previous close until one minute before the close of the underlying market. The closing time for the FTSE is normally 16.30 London time. Note that, although the UK market typically closes at 16.30, all Binaries will be closed basis the official daily settlement, which is in turn dependent upon the daily closing auction. This official settlement price is typically made public around five minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.
10. Hong Kong HS42 Binaries are normally quoted until two minutes before the close of the Hang Seng Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the Hang Seng Index futures is normally 16.30 Hong Kong time. All Binaries will be closed basis the official daily settlement price of the Hang Seng Index futures as reported by HKFE.
11. Japan 225 Binaries are based on the achievement of specified daily price changes in the Nikkei 225 Index on the Tokyo Stock Exchange (TSE). All Binary Options are settled basis the official daily settlement price of the Nikkei 225 as reported by TSE.
12. Korea 200 Binaries are normally quoted until ten minutes before the close of the KOSPI 200 Index futures on the Korea Exchange (KRX). The closing time of the KOSPI 200 Index futures is normally 15.15 Busan time. Binaries are closed basis the official daily settlement price of the KOSPI 200 Index futures as reported by KRX.
13. Weekly Wall Street Binaries are normally quoted from the opening of our UK office on a Sunday night at 23.00 London time until one minute before the close of US trading on the last US trading day of the week.
14. Weekly FTSE Binaries are normally quoted from 23.00 London time on Sunday evening until one minute before the close of the FTSE 100 on the last London trading day of the week.
15. Daily Germany 30 Binaries are normally quoted from one hour after the previous close until one minute before the close of the underlying market. The underlying market normally closes at 17.30 Frankfurt time. Trades will be settled basis the official settlement level of the underlying index. This official settlement may not be announced until several minutes after the close of the market and may differ from the market level showing at 17.30 Frankfurt time.
16. Midday FTSE Binaries settle basis the achievement of price changes in the cash FTSE from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 12.00 London time. Trades will be accepted from 17.00 London time of the previous trading day until one minute before expiry.
17. 3pm FTSE Binaries settle basis the achievement of price changes in the cash FTSE from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 15.00 London time. Trades will be accepted from 17.00 London time of the previous trading day until one minute before expiry.
18. All non-daily markets and Daily FX quotations are based on our internally specified opening level and the official expiry level as reported by Bloomberg (E&OE).
19. Hourly FTSE Binaries settle the basis of achievement of price changes in the cash FTSE from our internally specified opening level to the first new print recorded by Bloomberg at the second named time. For FTSE previous close to 9am the change is measured from the official settlement in the previous day's market to the first new print recorded at 09.00 London time. All times for Hourly FTSE are London times. Trades will be accepted until one minute before the second named hour. Trading for the following day begins five minutes after the second named hour. For FTSE previous close to 9am, trades will be accepted from 30 seconds after the opening of the underlying market. The opening time for the FTSE is typically 08.00 London time. For all other Hourly Binaries there is a gap where trades will not be accepted that starts two minutes before, and finishes two minutes after, the first named hour. Note: Handicap trades on hourly markets will only be accepted during the relevant hour.
20. 1pm Australia 200 Binaries settle basis the achievement of price changes in the cash ASX 200 index from the previous day's official settlement to the first new print recorded by Bloomberg (E&OE) at 13.00 Sydney time.
21. 18.00 Wall Street Binaries settle basis the achievement of price changes in the cash level of Wall Street from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 18.00 London time. Trades will be accepted from one hour after the closing of the underlying market of the previous trading day until one minute before expiry.
22. Hourly Wall Street Binaries settle the basis of achievement of price changes in the cash level of Wall Street from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time. For Wall Street previous close to 3.30pm the change is measured from the official settlement in the previous day's market to the first new print recorded at 3.30pm London time. All times for Hourly Binaries are London times. Trades will be accepted until one minute before the second named hour. Trading for the following day begins five minutes after the second named hour. For Wall Street previous close to 3.30pm, there is a 45-minute break in quoting, where trades will not be accepted, starting from the close of the underlying market. For all other Hourly Binaries there is a gap where trades will not be accepted that starts two minutes before, and finishes three minutes after, the first named hour.
23. Trading times shown in the table are local times, unless otherwise specified. Times in the names of trades (such as 'Wall Street: 18.00 Targets') are London time apart from Australia 200 Binaries, where the time is Australian Eastern Standard Time.
24. 20-minute Wall Street Binaries settle the basis of achievement of price changes in the cash level of Wall Street from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time, except the Wall Street 20.40-close binary, which settles basis the official daily settlement level of the underlying market. All times for 20-minute Binaries are London times. Trades will be accepted until one minute before the second named time. For Wall Street 2.40pm-3.00pm we will not make a price from 14.30 until 14.42. For all other 20-minute binaries we will not make a price 15 seconds before the first named time until two minutes after the first named time.
25. India 50 Binaries settle basis the first new print recorded by Bloomberg (E&OE) at 15.30 (Bombay time) of the S&P CNX Fifty futures that trade on the National Stock Exchange in India.
26. Japan All-Share Binaries settle basis the official closing price of the TOPIX futures that trade on the Tokyo Stock Exchange. This price is usually posted at or after 15.15 Tokyo Time.
27. 20-minute FTSE 100 Binaries settle the basis of achievement of price changes in the cash level of the FTSE 100 from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time. All times for 20-minute Binaries are London times. Trades will be accepted until one minute before the second named time. Trading for the following day begins at 12.00 London time each day. For all 20-minute FTSE 100 Binaries we will not make a price two minutes before the first named time until two minutes after the first named time.
28. Hourly Australia 200 Binaries settle the basis of achievement of price changes in the cash level of ASX 200 from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time. For Australia 200 previous close to 11.00 the change is measured from the official settlement in the previous day's market to the first new print recorded at 11.00 Sydney time. All times for Australia 200 Hourly Binaries are Sydney times. Trades will be accepted until one minute before the second named hour. Trading for the following day begins five minutes after the second named hour. There is a five-minute gap where trades will not be accepted that starts two minutes before the first named hour.
    The final hourly binary (3pm-4pm AEST) settles basis the official settlement price of the ASX200 as detailed in note 5.
29. Daily Italy 40 Binaries are normally quoted from five minutes after the opening of the S&P/MIB Index until five minutes before the close of the index. The underlying market normally opens at 09.00 and closes at 17.25 Milan time. Trades will be settled basis the official settlement level of the S&P/MIB Index. This official settlement may not be announced until several minutes after the close of the market and may differ from the market level showing at 17.25 Milan time.
30. Singapore Blue Chip Binaries are settled basis the official daily settlement price of the SGX MSCI Singapore Index futures on the Singapore Futures Exchange (SGX), as published by Bloomberg (E&OE). Trades are normally accepted until one minute before the close of the the SGX MSCI Singapore Index futures on SGX. The closing time for the SGX MSCI Singapore Index futures is normally 17.15 Singapore time.
31. China H-Shares Binaries are normally quoted until two minutes before the close of the H-Shares China Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the H-Shares China Index futures is normally 16.30 Hong Kong time. All Binaries will be closed basis the official daily settlement price of the H-Shares China Index futures as reported by HKFE.
32. Daily France 40 Binaries are normally quoted until one minute before the close of the underlying market. The closing time for the CAC 40 is normally 17.30 (Paris time). Trades will be settled basis the official settlement level of the index. This official settlement may not be announced until several minutes after the close of the market and may differ from the market level showing at 17.30 (Paris time).
33. Daily Spain 35 Binaries are normally quoted until one minute before the close of the underlying market. The closing time for the IBEX 35 is normally 17.30 (Madrid time). Trades will be settled basis the official settlement level of the index. This official settlement may not be announced until several minutes after the close of the market and may differ from the market level showing at 17.30 (Madrid time).
34. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.
35. FTSE Up/Down 5-minute Binaries settle based on the achievement of price changes in the FTSE 100 between our specified opening level and official expiry level as reported by Bloomberg (E&OE).
36. 5-minute FTSE 100 Up/Down Binaries: From 08.10 until 16.25 (London time). Trades will be accepted 10 seconds after the start of each five-minute period until 20 seconds before the second named time (i.e. 20 seconds before expiry of the five-minute period in question).
37. Wall Street Up/Down 5-minute Binaries settle based on the achievement of price changes in the Dow between our specified opening level and official expiry level as reported by Bloomberg (E&OE), except the Wall Street 20.55-close, which settles against the official settlement of the index.
38. 5-minute Wall Street Up/Down Binaries: From 14:40-20.55 (London time). Trades will be accepted 30 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five-minute period in question).
39. 5-minute Wall Street Up/Down Binaries: From 20.55-21.00 (London time). Trades will be accepted 30 seconds after the start of the five-minute period until 20.59 (i.e. one minute before expiry of the five minute period).
40. Germany 30 Up/Down 5-minute trades settle based on the achievement of price changes in the DAX 30 between our specified opening level and official expiry level as reported by Bloomberg (E&OE).
41. 5-minute Germany 30 Up/Down trades: From 08.10 until 16.25 (London time). Trades will be accepted 10 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five-minute period in question).

Binaries: Others

The details of our FX and Commodity Binary contracts are given in the following table:

Binaries Information Table

Notes to table

Binaries are cash settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Product Disclosure Statement as a Binary Option.

1. The price quotation for each Binary is expressed in points. If the outcome described by the Binary occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero.
2. The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.
3. For the purpose of Binaries, all spot rates will be rounded to the nearest pip and commodity settlement prices will be rounded to the same number of decimal places as the relevant reporting exchange. If a market settles exactly on a Binary barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if the Gold futures on COMEX finish exactly unchanged from the previous settlement, Gold to rise will settle at 100 and Gold to fall will settle at 0.
4. The margin required for a Binary or collection of Binary on a given market will be equal to the maximum potential loss from that Binary or collection of Binary.
5. Currency Binaries (except OneTouch Binary Options) settle basis the achievement of specified price changes in the spot rate concerned at 20.00 London time each day. The level used for settlement will be the first print recorded by Bloomberg (E&OE) at 20.00 London time for the relevant currency pair.
6. US Light Crude Oil Binaries are normally quoted until 5 minutes before the close of the Crude Oil futures on NYMEX. The closing time of the NYMEX Crude Oil futures is normally 14.30 New York time. Binaries are closed basis the official daily settlement price of the Crude Oil futures as reported by NYMEX.
7. Gold Binaries are normally quoted until 5 minutes before the close of the Gold futures on COMEX. The closing time of the COMEX Gold futures is normally 13.30 New York time. Binaries are closed basis the official daily settlement price of the Gold futures as reported by COMEX.
8. Silver Binaries are normally quoted until 5 minutes before the close of the Silver futures on COMEX. The closing time of the COMEX Silver futures is normally 13.25 New York time. Binaries are closed basis the official daily settlement price of the Silver futures as reported by COMEX.
9. Times shown in the table are local times, unless otherwise specified.
10. Hourly Brent Crude Oil Binaries settle the basis the achievement of price changes in the level of the specified contract month of Crude Oil futures on the ICE from the first new print recorded by Bloomberg (E&OE) at the first named time to the first new print recorded at the second named time. Trades will not be accepted for the first 3 minutes and the last minute of each hour. Please note the times at which these hourly Binaries settle are expressed in London time.
11. FX OneTouch Binaries will settle at 100 if the underlying market touches or goes through the relevant barrier at any time up until 16.00 (London time) on the last business day of the month; 19.30 on 31 December 2007 for the US Light Crude Annual One Touch, as recorded by Bloomberg (E&OE).
12. Note these are out-of-hours times: we do not quote UK equity Up/Down Binary Options in running. These Binary Options settle based on the achievement of price changes between the share's official opening print as reported by Bloomberg (E&OE) and the same day's official closing price.
13. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.
14. Daily US Crude OneTouch settles basis the achievement of specified price levels as recorded by Bloomberg. OneTouch levels are measured by reference to trades recorded by Bloomberg at any time between 14.00 and the first new print at 19.30 London time. The trade settles at 100 if Bloomberg prints the OneTouch level between these times. Official expiry does not count.

Binaries: Exotic

The details of our Exotic Binary contracts are given in the following table:

N.B. Wall Street and FTSE 100 times are expressed in London time.

Binaries Information Table

Notes to table

Binaries are cash settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Product Disclosure Statement as a Binary Option.

1. The price quotation for each Binary is expressed in points. If the outcome described by the Binary occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero.
2. The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.
3. For the purpose of Binaries, Wall Street prices will be rounded to two decimal places. Australia200 and FTSE 100prices will be rounded to one decimal place. If a market settles exactly on a Binarybarrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if Wall Street closes exactly 20 points down, the Wall Street to finish down 0-20pts will settle at 100 and Wall Street to finish down 20-40pts will settle at 0.
4. The deposit required for a Binary or collection of Binaries on a given market will be equal to the maximum potential loss from that Binary or collection of Binaries.
5. Daily Wall Street Binariesclose at 16.00 (New York time). Note that all trades will be closed basis the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 16.00 price of the underlying index.
6. Daily FTSE Binariesnormally close at16.30 London time. Note that, although the UK market typically closes at 16.30, all Binaries will be closed basis the official daily settlement, which is in turn dependent upon the daily closing auction. This official settlement price is typically made public aroundfive minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.
7. 12.00 FTSE Binaries settle basis the achievement of price changes in the cash FTSE from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 12.00 London time. Trades will be accepted from 17.00 London time of the previous trading day untilone minute before expiry.
8. 18.00 Wall Street Binaries settle basis the achievement of price changes in the cashlevel of Wall Streetfrom the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 18.00 London time.
9. Hourly FTSE Binaries settle the basis of achievement of price changes in the cash FTSE from the first new print recorded by Bloomberg (E&OE) at the first named time to the first new print recorded at the second named time. For FTSE previous close to 9am the change is measured from the official settlement in the previous day's market to the first new print recorded at 09.00 London time. All times for Hourly FTSE are London times. Trades will be accepted untilone minute before the second named hour. Trading for the following day beginsfive minutes after the second named hour. For FTSE previous close to 9am, trades will be accepted from 30 seconds after the opening of the underlying market. The opening time for the FTSE is typically 08.00 London time. For all other Hourly Binaries there is afive-minute gap where trades will not be accepted that startstwo minutes before the first named hour.
10. OneTouch, Hi/Lo and Tunnel Binaries are quoted during the trading hours of the underlying market only. Trades will be accepted untilone minute before the close of the underlying markets.
11. 'Five-minute FTSE Frenzy': trades will be accepted 30 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e 30 seconds before expiry of the five-minute period in question).Trades settles basis the achievement of price changes in the cash FTSE 100 over specified five-minute periods. This change is measured from the first new print recorded by Bloomberg (E&OE) at the first named time to the first new print recorded at the second named time.
12. OneTouchtrades settle at 100 if the level of the underlyingindexspecified in the name of the trade is touched at any point up to and including the official market settlement (or the first print of the index at the specified time for 12.00 FTSE OneTouch and 18.00 Wall Street OneTouch), prices being as recorded by Bloomberg (E&OE). Please note that the Australia 200 Annual OneTouch expires at the close of business on the last trading day in December.
13. HiLo trades: High trades settle at 100 if the highest net change of the underlyingindex relative to the previous trading day's settlement level lies within the band specified in the name of the bet. Low bets settle at 100 if the lowest net change of the index relative to the previous trading day's settlement level lies within the band specified in the name of the trade.
14. Tunnel trades settle at 0 immediately if the net change of the underlyingindex relative to the previous day's settlement level exceedsthe band specified in the name of the trade. Trades settle at 100 only if the net change remains within this band right up to and including the offical settlement level.
15. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.
16. Each market is assigned a target level. If none of the events occur as described, all markets will be settled at 0.