Binary options can be bought on a number of assets, including stocks, currencies, commodities and Indices. Indices provide well-diversified assets that tend to be some of the best reflections of overall economic performance in a geographical sphere. Experts in certain regions may use indices as a major part of their trading portfolio. Other traders may dip in and out of different indices, such as the NASDAQ 100, Nifty, TOPIX, Nikkei, Hang Seng and FTSE when they feel that events are making price movements predictable.

The Australian Securities Exchange (ASX) is a good indication of the overall state of the Australian economy. It was formed when the Australian Stock Exchange and the Sydney Futures exchange merged back in July 2006. The exchange origins are way back in the 1800’s. It is one of the top ten exchanges in the world with almost $5 billion daily turnover and A$1.2 trillion market cap. Over recent years Australia has bucked the downward market trend and has performed well.

With Australia performing so differently to the rest of the world the ASX provides binary options traders with a refreshing break from the uncertainty in other markets. Some experts have questioned how long Australia can continue to set their own pace. However, the country has consistently demonstrated resilience in the face of difficult world economic times. Australia is a major gold producer and therefore the Oz economy is normally correlated with the price of gold.

Top companies listed on the ASX include BHP Billiton, AMP, ANZ, Brambles, CSL Limited, Foster’s Group, MacQuarie Bank, Commonwealth Bank, NAB, Newcrest Mining Ltd, Origin Energy, QBE, Rio Tinto, SunCorp, Telstra, Westpac, Westfield, Wesfarmers, Woolworths and Woodside.

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