By Darrell Martin
The second quarter of 2015 versus Q2 of 2014 showed an increase of 53 percent in volume of binary options and spread contracts traded at The North American Derivative Exchange (Nadex). The exchange announced on July 9, 2015, that this increase marked the tenth of the last eleven quarters to have record volume and highlights the continued growing popularity of exchange-traded binary options.
US 500 (based on the CME E-mini S&P 500) and the Euro/US dollar exchange rate are the most heavily traded contracts. Also showing growth are the China 50 and Bitcoin contracts which were introduced in Q1.
More Contracts, More Markets, More Members
“We’re growing in a number of ways that shows we’re answering a real need,” said Tim McDermott, CEO of Nadex. “More contracts, more markets and more members who are welcoming Nadex into their trading life. And we’re especially proud of the way our members have a voice in how we continue to enhance our platforms and services.”
Over 5000 Contracts Listed Daily
Nadex now offers over 5000 listed contracts each day. This provides trading opportunities on the most popular global stock indices, commodities and forex markets. They also offer binary options on economic numbers like the weekly jobless claims and the Fed funds rate. If you don’t want to risk actually owning bitcoins, you can take positions on bitcoin prices with binaries on the Tera Bitcoin Price Index.
Nadex updated its Pro desktop trading platform by adding Fill-or-Kill and Immediate-or-Cancel order durations to its range of order types as a response to the needs of advanced traders. Nadex also developed an upgrade to its iPad app, now available in the App Store.
Nadex: US-based, Regulated, Secure
For individual traders looking for low-cost, limited risk ways to participate in the markets, Nadex is the first and largest CFTC-regulated online exchange in the United States. Nadex offers a trusted, secure way to trade both binary options and spreads. Member funds are segregated and held in US banks. Because Nadex offers both online and mobile platforms, traders can trade short-term price movements in the most heavily traded markets from just about anywhere with limited-risk hourly, daily and weekly contracts. Click to learn more about www.nadex.com. To further your trading education, please visit www.apexinvesting.com.
Source: Nadex