CHICAGO, July 9, 2015 /PRNewswire/ -- The North American Derivatives Exchange (Nadex) today announced that the volume of binary options and spread contracts traded on the exchange in the second quarter of 2015, versus Q2 of 2014 rose 53%, in line with prior quarters. This marks the tenth of the last eleven quarters to yield record volume and highlights the continued growing popularity of exchange-traded binary options.
The most heavily traded contracts were the US 500 (based on the CME® E-mini S&P 500 Index® Futures) and the Euro/US dollar exchange rate (EUR/USD). The quarter also saw growth in the China 50 and Bitcoin contracts introduced in Q1.
The Nadex online trading platform got a new look that included updated ease-of-use features along with aesthetic improvements. By working closely with client services, the development team incorporated member feedback for an upgrade to its iPad app, now available in the App Store and automatically delivered to existing users. The Nadex Pro desktop platform added Fill-or-Kill and Immediate-or-Cancel order durations to its range of order types, in response to the needs of advanced traders.
Nadex has expanded to offer over 5000 listed contracts each day, providing trading opportunities on the most popular global stock indices, commodities, and forex markets. Nadex also offers binary options on highly-anticipated economic numbers like the weekly jobless claims and the Fed funds rate. With binaries on the Tera® Bitcoin Price Index, traders can take positions on Bitcoin prices without the risk of actually owning bitcoins.
"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."
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.
Futures, options, and swaps trading involve risk and may not be appropriate for all investors.