|
Justrade
|
|
Overview Justrade.com (Justrade), launched in 2008, is South Africa’s first online binary options exchange. It is operated by Prediction Markets (Pty) Ltd, an authorised user of the Bond Exchange of South Africa Limited (BESA). Justrade is a regulated market, under BESA, which in turn is regulated by the Financial Services Board (FSB). All trades are fully margined and funds are held in a trust account administered by BESA. The BESA Authorised User, Prediction Markets (Pty) Ltd, provides customers direct market access to Justrade and does not take any positions in the market. Justrade.com is a prediction market, due to regulatory constraints may only list contracts that are financial in nature. Contracts Justrade provides investors with access to financially focused binary options contracts. These are unique within the context of South African financial markets. The contracts relate to underlying financial events specific to: 1. Interest rates (eg: the outcome of the South African Reserve Bank Monetary Policy Committee meetings whereby changes to local interest rates are decided) 2. Economic releases 3. South African shares 4. Foreign Exchange 5. Commodities 6. Foreign indices and foreign indicators (eg: Wall Street / Dow Jones) Fees Trading fees on Justrade are charged on the principal of aggressor pays, meaning that the trader whose order hits the server last pays the trading fees. If there was an existing order in the market which a user wanted to trade, the user would pay the trading fee but the customer who had the order in first would trade for free. Social Media Justrade uses social media to promote and educate users around the principles behind Binary options, market trading, and the Justrade user interface. Justrade can be found on Facebook, YouTube, and Twitter. Justrade also has a blog which serves as an educational tool for the platform. Justrade also released a Social Media Press Release which (unlike a traditional Press Release), is constantly updated with new information and events. History Justrade is the brainchild of co-founders and directors of Market Tech, Rory Mackay and Michael Franze. Before starting the company, Rory spent his career in financial markets, trading currency, commodities, bonds and interest rate derivatives at Absa Group Limited, Standard Bank of South Africa (SCMB) and Investec Bank. Michael has a thorough understanding of telecommunications and has operated as a consultant in the past two years, particularly fixed mobile convergence, whilst at the same time developing the online platform for Justrade. 
|
| < Prev | Next > |
|---|
Main Menu
| Home |
| Articles |
| Search |
| Submit Article |
| Contact Us |
| Donate to Wikibin |
