The North American Derivatives Exchange (Nadex) has just reported the volume of binary options and spread contracts traded on the exchange in the third quarter of 2015.
The announcement reveals an impressive 70% rise compared to Q3 2014, marking the third consecutive quarter of record volumes and continuing its upward trajectory. Illustrating this, Nadex reports that the volume traded since January 1st and August 31st, 2015 surpassed the total figure for all of 2014.
Keeping its main site strictly business focused, Nadex launched a purely educational website using the new "dot-nadex" top-level domain. The new separate site (Binaryoptions.nadex) provides trading tips and strategies as well as information on the benefits of exchange-traded binary options.
The Chicago-based exchange is one of only two venues where US investors are allowed to trade binary options, and this forces it to introduce the concept to the American audience. It says that because of the continued presence of offshore, loosely-regulated binary options providers who solicit US clients illegally, "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."
As in the previous quarter, the most heavily traded contracts at Nadex were the US 500 (based on the E-Mini S&P 500 futures) and the EUR/USD exchange rate.
