Binary.com has expanded its offering of trading options with the launch of a new asset class which they have called Smart Indices.
These well-diversified indices are based on an alternative weighting scheme and therefore are different to the traditional market capitalisation-weighted indices that you are accustomed to. Smart Indices are designed to give you more flexibility, than traditional indices, at the same competitive rates. If you’re looking for better trading opportunities amid volatile markets and an unpredictable economic outlook, then these are the indices you should consider
Smart Indices are measured by taking the value of one currency and weighing it against the value of a currency basket consisting of selected currencies. For instance, the USD Index is a weighted Index, measuring the US Dollar’s value against 5 global currencies (EUR, GBP, JPY, CAD, AUD), each weighted by 20%. Rise/Fall trades may be purchased on any of the 4 new Smart Indices: the USD Index, the AUD Index, the EUR Index and the GBP Index.