Online trading company CMC Markets has posted a short notice for its Australian clients, informing them that from 5pm AEST 30 April 2021, Countdowns will no longer be available to trade on the Next Generation platform. Countdowns are fixed-odds trades based on whether the settlement price of a product will be above or below the current Countdown price at the end of a range of short-term timeframes. Let’s note that the announcement about the end of the offering of Countdowns is released shortly after the Australian Securities and Investments Commission (ASIC) said it would ban the offering of binary options to retail ... (full story)