New Market Opportunities on Nadex: USD/MXN, GDP and Unemployment Rate

Contracts launching in April and May open up new trading opportunities on emerging markets and major economic events

News provided by

Nadex

Apr 27, 2020, 11:52 ET

CHICAGO, April 27, 2020 /PRNewswire/ -- The North American Derivatives ExchangeTM (Nadex) is launching three new contract types, adding to the existing suite of forex and economic events contracts:

1.  Mexican Peso (USD/MXN) contracts – Nadex's first emerging market currency trading contract. Opportunities are created as the currency pair fluctuates, with risk protection built in.

  • Contract types: binary options
  • Intraday and weekly contracts
  • Due to launch early May

2.  GDP contracts – event contracts that facilitate predictions on US gross domestic product (GDP) on a quarterly basis. 

  • Contract type: binary options
  • Quarterly week-long contracts
  • Launching April 27

3.  Unemployment rate –  event contracts that will facilitate predictions on the US unemployment rate ahead of monthly releases.

  • Contract type: binary options
  • Monthly week-long contracts
  • Launching May 4

Travis McGhee, Chief Commercial Officer at Nadex, says, "We're excited to offer trading on an emerging market currency pair – the US Dollar-Mexican Peso – for the first time, providing interesting new opportunities in a fixed risk, regulated environment.

"Additionally, with our new GDP and unemployment rate contracts, we continue to build on the success of our existing event contracts, which are based on the nonfarm payrolls and weekly jobless claims reports. The Nadex team is tirelessly working to offer innovative markets in these volatile times, and trading access to key US economic indicators affords our members a unique ability to have their say and make their own predictions alongside official forecasts."

For more information about Nadex, visit www.nadex.com

Nadex media contact: Adam McAden, [email protected], 434-841-4511

About Nadex

Nadex is the leading exchange in the US, offering binary option, call spread, and knock-out contracts. Nadex provides secure and innovative ways to participate in the markets – it is regulated by the Commodity Futures Trading Commission (CFTC), with member funds held in segregated accounts in major US banks.

Nadex enables members to trade stock indices, forex, commodities and economic events. With over 10,000 hourly, daily, and weekly contracts, traded five days a week on desktop and mobile platforms, Nadex members have an ongoing series of short-term trading opportunities. As a regulated financial exchange, Nadex matches buyers and sellers, and does not take positions in any markets.

Based in Chicago, Nadex is the North American unit of IG Group (LON: IGG), a FTSE 250 global financial services firm with a market cap of $2.6 billion (as of April 2020).

For more information on becoming a Nadex member, call +1.312.884.0162 or email [email protected]. 

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SOURCE Nadex