Nadex Binary Options Trading Volume Jumps 38% in First Quarter 2015

The North American Derivatives Exchange (Nadex), announced that the volume of binary options and spread contracts traded on the exchange rose 38% in the first quarter of 2015 versus Q1 2014, and in line with the trading update recently released by IG Group.

The most heavily traded contracts were the US 500 (based on the CME® E-mini S&P 500 Index® Futures) and the EUR/USD.

Nadex, part of IG Group (LON: IGG), a global financial services provider, is the first CFTC-regulated, retail focused, online exchange in the US offering binary options and spreads. Member funds are segregated and held in US banks.

Nadex’s year-on-year growth highlights the growing popularity in the US of exchange-traded binary options. Nadex has expanded to offer new trading opportunities in the most popular stock indices, commodities and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term markets. Binary options and spreads are available nearly 24 hours a day, with a wide range of intraday, daily, and weekly expirations.

With Nadex, individuals can now trade binaries on the Tera® Bitcoin Price Index. The China 50 contract, based on the SGX® FTSE® Xinhua® China A50 Index Futures, which tracks an index of leading stocks, lets North American traders take positions on the Chinese market.

Nadex has also recently added debit cards to the list of convenient ways members can fund their accounts and made enhancements to its advanced Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Nadex Pro.

“For the second year in a row, we’ve seen a record number of active traders in the first quarter,” said Tim McDermott, CEO of Nadex. “Both beginners and experienced traders are getting interested in binary options as a limited-risk, low cost way to trade. We are pleased that we are not only attracting a lot of new members but retaining long-time members who have made binaries part of their trading routines. As more people learn about exchange-traded binary options, our volumes will continue to increase."