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There is also a proprietary trading desk in downtown Boston called WTS Boston. They are an extention of WTS Proprietary trading Group LLC. They do training and have a pretty decent sized floor for prop traders in Boston.
A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.