CHICAGO, April 12, 2016 /PRNewswire/ -- The North American Derivatives Exchange (Nadex) today announced that its year on year growth, Q1 2015 to Q1 2016, exceeded sixty percent both in total volume and the total number of trades executed on the exchange, reflecting mainstream enthusiasm for exchange-traded binary options and spreads.
The total number of trades in the first quarter of 2016 was up 64% from Q1 2015. The total volume in Q1 2016 rose 68% from a year before. Over 11% of trading was in Nadex spreads, which are growing in popularity along with the more well-known binary options. The most heavily traded contracts were the US 500 (based on the CME® E-mini S&P 500 Index® Futures) and the EUR/USD exchange rate. Binaries on the CBOT® E-mini Dow® Futures and CME® E-mini NASDAQ 100 Index® Futures were also popular, as were crude oil and gold. Four of the five most heavily traded binary options were forex, including the British pound, Japanese yen, and Australian dollar, showing forex traders are finding Nadex an alternative to forex brokers.
Recognizing that our members like to trade from anywhere, securely and easily, we have made major upgrades to our apps for iPhone and Android. Nadex members can open a demo or live account, deposit funds, place orders, manage trades, and withdraw funds—all from their mobile device. Traders enjoy fast, powerful charting with free real-time data. Nadex mobile apps are free for everyone.
"We're really becoming mainstream," said Tim McDermott, CEO of Nadex. "Part of that is our technology innovations, bringing free, powerful trading platforms to our members. But we think the main reason is that our business model levels the playing field for retail traders, by offering on-exchange, limited risk, and low-cost access to the markets."
Nadex: US-based, regulated, secure
Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders seeking low-cost, limited risk ways to participate in the markets. Member funds are segregated and held in US banks. Using Nadex's online and mobile platforms, traders can trade short-term price movements in the most heavily traded currency, commodity, and stock index markets, as well as on economic events and the price of Bitcoin, with limited-risk hourly, daily and weekly contracts.
Futures, options, and swaps trading involves risk and may not be appropriate for all investors.
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