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The Israeli Securities Authority (ISA) officially announced today that it has decided not to approve trading on binary options for companies wishing to be regulated in Israel. The ISA says that the complexity of binary options and the difficulty in pricing them as well as the lack of multi-party trading that enables the creation of a market price, all led to the decision not to approve binary options for trading arenas (as the law refers to brokers).
Taming the Jungle
The ISA adds that any company that included offering binary options trading in its request for an Israeli license will get its license rejected, ... (read more)