Binary options exchange Nadex sees record trading volume in Dec 2016, posts 50% growth in 2016

Binary options exchange Nadex sees record trading volume in Dec 2016, posts 50% growth in 2016

- in All News, Binary Brokers, Featured News
NADEX

The North America Derivatives Exchange (Nadex), one of the only two regulated binary options exchanges in the US, generated a record-high monthly trading volume in December 2016, the exchange said earlier this week. During the entire 2016, it saw an overall 50% increase in annual binary option trades and volume from 2015.

The high volume in the last month of the year reflected a sustained mainstream demand for limited-risk alternatives to conventional trading, the exchange noted.

In Q4 alone Nadex posted a growth of 70%, compared to the same period a year earlier.

“December and the whole fourth quarter showed the unique strengths of exchange-traded binary options,” said Nadex CEO Timothy McDermott. “Whatever market conditions our members encountered, they could take advantage of those opportunities with confidence,” he added.

While the post-election surge affected many markets, it soon gave way to flat underlying markets with little momentum, as some traders took profits and left for the holidays, Nadex’ statement read.

The highly improved trading metrics were positively affected by the recent updates to the Nadex mobile and web applications, which allow faster and easier application and fund withdrawal. In addition, the market filter, which was introduced in 2016 and has been made available to both the web and the mobile platforms, further facilitates traders in making the right decisions.

Chicago-based Nadex offers more than 10,000 trading products via its proprietary trading platform, which is available in web-based and mobile versions. Its offering includes a wide range of instruments – forex and cryptocurrencies, commodities and stock indices. It is the US unit of IG Group, an international forex and binary options brokerage house headquartered in London and listed on the London Stock Exchange (LSE).

Nadex is regulated by the US Commodity Futures Trading Commission (CFTC). It is the first regulated binary options exchange in the country.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Canadian regulator wants Google to ban ads on cryptocurrencies, binary options, ICOs

The Manitoba Securities Commission (MSC) – a regional