Besa Rolls Out Online Binary Options Platform

The Bond Exchange of South Africa (Besa), through a joint venture with Market Tech, will roll out Africa’s first online binary options exchange, Justrade.com. The platform is the brainchild of co-founders and directors of Market Tech, Rory Mackay and Michael Franze. The concept of binary options exchanges, although new to domestic markets, is well established internationally, particularly in the US and the UK. Mackay said: “In 2007, the Options Clearing Corporation proposed a rule to allow trade in binary options. In 2008, several exchanges began to adopt binary options, including the Chicago Board Options Exchange (CBOT) and American Stock Exchange. So, while binary options are relatively new, their potential has been noticed and embraced by some of the biggest names in the exchange business.”

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