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.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.