CHICAGO, Oct. 8, 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 third quarter of 2015 was 70% ahead of Q3 2014. This marks the third consecutive quarter of record volume.
On August 31, volume traded since January surpassed the total for all of 2014. The most heavily traded contracts were the US 500 (based on the E-Mini S&P 500 futures) and the EUR/USD exchange rate.
Nadex's public profile also continued to grow in Q3. Nadex was honored to be named a finalist for the prestigious Chicago Innovation Awards, honoring the city's most innovative companies. With the increasing interest in binary options trading, Nadex launched a purely educational website using the new "dot-nadex" top-level domain. Binaryoptions.nadex provides trading tips and strategies as well as education on the benefits of exchange-traded binary options. With the continued presence of offshore, loosely-regulated binary options providers who solicit US clients—illegally, according to the CFTC's RED list (http://www.smartcheck.gov/REDList)—we're working actively to educate the public about legal, trustworthy ways to participate in the markets.
"It's gratifying to see our strong growth continuing," said Tim McDermott, CEO of Nadex. "It means that Nadex is addressing a real desire for innovations that let individuals participate in the markets on a level playing field. We're all affected by the markets in our daily lives. Nadex offers customers a limited-risk way to put into action their own intelligence and insights about those market forces."
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 involves risk and may not be appropriate for all investors.