By Darrell Martin
Beginning June 19, 2017, Nadex plans to add even more five-minute binary contracts to its current listing. Already traded in two-hour Daily and Intraday contracts, USD/CAD, EUR/JPY and GBP/JPY will join the listings for five-minute binary options.
Before this announcement, Nadex offered four Forex markets for five-minute binary options. They are AUD/USD, USD/JPY, GBP/USD and EUR/USD. Adding more instruments to its five-minute binary options lineup offers more opportunities for traders.
All Forex contracts listed by Nadex are based on their respective spot Forex rates. Each of the newly announced contracts will list five strike levels for each five-minute intraday binary contract, with contracts expiring every five minutes. This is effective beginning 6:05 p.m. ET on Sunday evening and ending at 4:00 p.m. ET on Friday. Having five strike levels for each five-minute binary in seven different markets should greatly increase profitable possibilities.
Of course, Nadex has outlined how all contracts will settle, should there be duplicate strike levels in contracts having the same expiration time. The ending values for the Daily and two-hour Intraday binary contracts are detailed for each of the particular product classes in their contract specifications. All of these are available at Nadex.com.
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