CHICAGO, July 27, 2016 /PRNewswire/ -- As first announced in the positive Q2 report from its parent company, IG Group (LSE:IGG), Nadex-The North American Derivatives Exchange saw the total number of trades and the overall trading volume on the exchange in the second quarter of 2016 grow by nearly 40% versus Q2 of 2015. The growth in trading volume reflects continued mainstream enthusiasm for exchange-traded binary options and spreads.
Growing Interest & Awareness; Deeper Markets
The total number of trades in Q2 2016 was up 39% from Q2 2015. The total volume in Q2 2016 rose 40% versus 2015. About nine percent of volume was in Nadex Spreads, which continue to grow in popularity along with the more well-known binary options.
The number of contracts offered daily has doubled from 5000 in 2013 to over 10,000 in 2016. This number reflects more markets available to trade as well as more trading opportunities, including the new 5-minute forex binary options, throughout the day.
This growth on Nadex, the leading US exchange for binary options and spreads, reflects a larger interest in limited risk binary option trading on a regulated exchange. "In addition to a clear increase in awareness of our products and services among our target market, we've seen a surge in searches for "binary options" and "Nadex" over the last year" said Dan Cook, Nadex's Director of Business Development. To meet this demand, Nadex has added a new market-maker who is currently enhancing liquidity in Nadex FX binary options and is expected to add more markets in the near future.
It's clear that Exchange-Traded Binary Options (ETBOs) answer a broad demand for new ways to trade with guaranteed limited risk.
Growth in Forex
The most heavily traded contracts in Q2 were the EUR-USD, USD-JPY, AUD-USD, and GBP-USD forex pairs as well as the US 500 (based on the E-Mini S&P 500® futures) and other indexes. Crude oil and gold futures were the most popular commodity contracts.
The significant growth in forex volume shows that Nadex ETBOs continue to offer a limited-risk alternative to conventional forex trading through a brokerage.
Growth in Mobile Trading
After major Q1 upgrades to our apps for iPhone and Android, Nadex has seen major growth in mobile trading. Unlike many brokers, Nadex gives traders the ability to send orders direct to the exchange from their mobile devices, while receiving free real-time exchange data. From opening and funding an account to browsing and selecting markets and contracts, charting, analysis, and order management, Nadex members can effectively run all aspects of their trading right from their mobiles.
"Our growth comes from multiple factors," said Tim McDermott, CEO of Nadex. "More markets and more contracts within each day mean more opportunities. Powerful and full-featured mobile apps mean a new way to access those opportunities wherever you are. And increased awareness of Exchange-Traded Binary Options means that more people are coming to us to take advantage of those opportunities. So in short, we're gratified by our growth, but not really that surprised. Limited-risk trading on a regulated, level playing field is something traders have needed for a long time and we're happy to offer it."
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.
Notes to Editors
Nadex offers traders a trusted, secure way to trade binary options and spreads on a wide range of the most heavily traded forex, commodities and stock indices. Nadex is headquartered in Chicago, and is subject to regulatory oversight by the CFTC.
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Futures, options, and swaps trading involves risk and may not be appropriate for all investors.
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