Market News

IG’s Nadex ends 2016 with record-high trading volumes

The North America Derivatives Exchange (Nadex), one of only two US-regulated binary options exchanges, announced this week that its trading volumes in December have set a new all-time record.

 

The exchange, which is owned by UK giant IG Group, reported over 70% year-to-year growth in trade volume and total trades of binary options during the fourth quarter of 2016 compared to Q4 2015. Nadex also reported an overall increase of 50% in annual trades and volume from 2015 to 2016.

 

Guaranteed limited risk built into Nadex binary options allows traders to take positions with their maximum possible loss and profit defined in advance. This is a distinctive advantage in volatile markets, as was the case before and right after the US elections. Most traded in December were stock indexes (which lingered near all-time highs), crude oil, gold, forex, and other markets.

 

Technology enhancements probably also contributed to Nadex’s spectacular results. The latest updates to the mobile and web apps made instant document upload even easier, and withdrawals are just as easy from PC or mobile, with funds sent securely and quickly to member checking accounts.

 

What is more, the Nadex team added the Market Filter tool to both iPhone and Android apps in Q4. This feature was introduced to the web platform in Q3 and allows traders tosearch for a specific asset class, current price, length of contract, and/or time to expiration (as there are over 10,000 contracts available daily).

 

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

 

Chicago-based Nadex is the first and the largest US-based regulated exchange offering binary options and spreads to retail investors. It is regulated by the Commodity Futures Trading Commission (CFTC).

 

Nadex is the North American unit of IG Group (LON: IGG), an international forex and binary options brokerage headquartered in London, which is listed on the London Stock Exchange and is a member of FTSE-250. According to a recent forexbrokerz.com survey on the proceeds of UK companies, IG is the most profitable one for the year 2015. It is also the largest forex broker in terms of market capitalization.

TAGS: Nadex  IG  trading volumes  exchange  binary options  USA 

More news about IG

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Cyprus CySec MT4,
proprietary
web-based
$100 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
New Zealand FMA MT4 $1000 Review Website

More Forex Market News

FBI: Losses from binary options fraud run into the millions

Mar 14 2017 13:02:11

 It seems that the regulators and law enforcement agencies across the world are finally becoming aware of the risks of trading in binary options. Read more

Singapore's regulator warns of dangers of unregulated binary options brokers

Mar 14 2017 11:56:36

Singapore's financial services regulator, the Monetary Authority of Singapore (MAS) has published an advisory warning the investors of the dangers of trading with unregulated binary options brokers and platforms. Read more

Ireland proposes restrictive measures for forex and CFD trading

Mar 06 2017 10:44:05

After the Financial Conduct Authority capped leverage to 1;50 and banned trading bonuses in the UK, it is hardly a surprise that the Irish financial watchdog follows suit. Read more

Forex

FCA survey: Over 55s have lost £32 000 on average to investment scam

Mar 02 2017 14:46:49

UK's senior citizens, or the people above 55 years of age, to be more precise, have lost an average of £32,000 in 2016 to various financial investment scams, shows a survey of UK's Financial Conduct Authority, published as part of its Scam Smart campaign. Read more

What are the risks of trading with offshore forex brokers?

Feb 28 2017 13:05:12

Offshore destinations are famous for its light touch regulation, if any. They are attractive locations to forex and binary options brokers, as it is relatively easy and cost-effective for startups to register and run a brokerage business. Read more

Investors in the UK most interested in binary options

Feb 27 2017 10:15:01

It looks like the largest part of UK investors seek information and advice on binary options. Enquiries on binary options make up 17% of all enquiries on investment products at FCA Consumer Contact Centre, while those on forex account for 13%. Read more

Israel drafts a law prohibiting the marketing of binary options abroad

Feb 23 2017 12:52:44

The Israel Securities Authority has drafted a law that would ban locally-licensed brokers from marketing and advertising binary options outside of the country, online media Finance Magnates reported on Thursday. Read more

Dutch financial regulator seeks to cap leverage to 1:10 and ban advertising of FX, CFDs and binary options

Feb 21 2017 12:58:27

The next EU member state about to introduce stricter regulation of binary options, FX and CFDs is the Netherlands. Read more

Turkey's regulator caps leverage to 1:10, sets minimum deposit of TRY 50 000

Feb 10 2017 11:26:00

Turkey's financial markets regulator, the Capital Markets Board (SPK), has introduced a new set of restrictions on the forex market, lowering further the maximum leverage and setting a minimum security deposit requirement to open a forex trading account. Read more

Forecast of Trump’s Impact on the Forex Markets

Feb 06 2017 17:53:45

  Donald Trump’s victory in the 2016 U.S presidential elections came as a great shock to many people. The world was simply not prepared for it. Well, the reality is that Donald Trump is the 45th president of the U.S. If he is true to his words, not only the residents of the U. Read more

Forex