We have seen a record number of active traders trading in the first quarter... This consistent, broad-based growth reflects a rising interest in binary options as this new way of trading becomes more popular among U.S. traders.
Chicago, IL (PRWEB) April 08, 2014
The North American Derivatives Exchange (Nadex) today announced that its 2014 first quarter (Q1 2014) exchange volume of binary options and spread contracts traded increased 49.8% quarter-over-quarter from the first quarter in 2013. The most heavily traded contracts on the exchange in Q1 2014 were the US500 and USD/JPY.
A significant part of the growth in volumes is due to an increase in Nadex’s overnight trading activity following the addition of more listings available to overnight traders in several FX contracts as well as the Japan 225 binary options. This growth in trading volumes reflects a similar growth in the number of active traders on the Exchange.
“We have seen a record number of active traders trading in the first quarter, building on the great momentum Nadex achieved in 2013,” said Tim McDermott, CEO designate at Nadex. “This consistent, broad-based growth reflects a rising interest in binary options as this new way of trading becomes more popular among U.S. traders. We are pleased to see this level of engagement continue with the exchange’s members and anticipate that, as retail traders become more familiar with binary options, trading volumes will continue to increase.”
Nadex is the first and largest regulated, retail-focused, online exchange in the U.S focused on binary options and spreads, offering an entirely different way of trading the financial markets. Through Nadex’s online platform, traders can hedge against or speculate on price movements in the most heavily traded currency, commodity, and equity index markets through limited risk, short-term hourly, daily and weekly contracts.
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Notes to Editors
Nadex, a US-regulated exchange, offers traders a unique way to trade binary options and spreads on a wide range of the most heavily traded forex, commodities and stock indices markets. Nadex, is headquartered in Chicago, and is subject to regulatory oversight by the CFTC.
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