Banks and Binary Options

This is a discussion on Banks and Binary Options within the Fixed Odds & Binary Betting forums, part of the Markets category; Hi Do any banks actually offer short term binary options? Say EUR/USD that expires on the hour or even less? ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 25, 2012, 1:15pm   #1
Joined Oct 2002
Banks and Binary Options

Hi

Do any banks actually offer short term binary options? Say EUR/USD that expires on the hour or even less?

The reason I ask is that I was speaking with a person from Banc De Binary and they answered the following:

My Question:

When it comes to betting, if a client wins, do you lose and vice versa?

Answer:

No, we are a middlemen - buying the options from the biggest investment banks in the world (HSBC Holdings, JP Morgan, Goldman Sachs etc...) and selling them to you for a fixed comission. The more you trade and the more volume you generate - the more money BDB (and myself) makes. Of course, in order for you to keep on trading i need you to win as much as possible. That's what we like to call here in NYC a win-win situation.

Regards

Big
BigInTheCity is offline   Reply With Quote
Old Apr 30, 2012, 11:58pm   #2
 
1 Posts
Joined Apr 2011
Re: Banks and Binary Options

Well, of course not. They are not a bank... and not buying it from any bank. They are a market maker that creates liquidity, that in itself is not unusual nor wrong ( in most cased exotic options are offered by market makers) , however, among market makers you can find good ones and ..... the fact that you got the wrong answer instead of straightforward answer, is an answer buy itself...
Georgy Ben is offline   Reply With Quote
Old May 1, 2012, 11:05am   #3
tar
 
tar's Avatar
Joined Nov 2006
Re: Banks and Binary Options

No they cant hedge short term bets with regular banks , however they can hedge their short term risk on the binary exchange Nadex , anyway are you comfortable with this 70% return on these hourly bets , did you try anyoption they have monthlies and weeklies , and they have some exotic markets as well like Tadawul index lol
tar is offline   Reply With Quote
Old May 3, 2012, 5:32pm   #4
Joined Oct 2002
Re: Banks and Binary Options

BigInTheCity started this thread haha At this moment in time IG index are by far the best all around!
BigInTheCity is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
binary options clovist Fixed Odds & Binary Betting 73 Oct 7, 2014 4:32am
binary options? doobs Futures & Options 34 Oct 30, 2012 4:35am
Binary Options Analysis – Central Banks Increase Liquidity to European Banks SamTrader1 Forex 0 Sep 16, 2011 9:15am
Binary Options Analysis - Binary Options Report (Aug 8- Aug 12) SamTrader1 Forex 0 Aug 14, 2011 10:23am
Are Banks Running Out Of Options dodjit General Trading Chat 12 Mar 9, 2009 4:07pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)