Binary options first appeared in the OTC market. With the Securities and Exchange Commission of the United States and the Chicago Board of Trade treating it as a formal financial transaction, binary options has developed rapidly. At present, Japan is the largest binary options trading market in the world, and all major securities institutions in Japan have binary options trading business. The Japan Financial Futures Association issued a comprehensive binary options regulation, which included binary options in the scope of supervision. Because binary options's transactions are simple and flexible, and are not affected by market fluctuations, binary options is becoming more and more popular. Many traditional financial institutions and foreign exchange trading companies have launched binary options trading to improve and supplement their traditional stock and foreign exchange trading. According to the data report of Meetrader, the world's largest binary options trading institution, in 20 13 years, the daily trading volume of the global binary options market has hit record highs, exceeding 85 million US dollars. In the week ending 20 13, it has set a single-day volume record for four consecutive trading days.