Objective intelligibility measures are increasingly being used to assess the performance of speech processing algorithms, e.g. for hearing aids. It has been shown that the short time objective intelligibility (STOI) measure yields good results in this respect. In this paper we propose a binaural extension of the STOI measure, which predicts binaural advantage using a modified equalization cancellation (EC) stage. The proposed method is evaluated for a range of acoustic conditions. Firstly, the method is able to predict the advantage of spatial separation between a speech target and a speech shaped noise (SSN) interferer. Secondly, the method yields results comparable to the monaural STOI measure when presented with noisy speech processed by ideal time-frequency segregation (ITFS). Finally, the method also performs well when presented with a selection of different acoustic conditions combined with beamforming as used in hearing aids.