Forex

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
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website

More Forex Market News

UK's FCA warns of HBC Broker

Jul 26 2017 13:43:33

 UK's Financial Conduct Authority (FCA) has issued a warning against the offshore forex and CFD broker HBC Broker.   The regulator says it believes that the broker, owned by MPG Partners, with an address in Scotland, is providing financial services and products without authorization. Read more

FinaCom warns of forex broker FX Group

Jul 26 2017 11:34:36

 The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers has warned of the forex broker FX Group. Read more

Canada's MSC warns of GTOptions

Jul 25 2017 07:24:48

Canada's provincial regulator, the Manitoba Securities Commission (MSC) has issued a warning against the binary options broker GTOptions.   According to the publication, “GTOptions, www.gtoptions.com, and MJ Vents Ltd. Read more

Forex

Spain's CNMV warns of GSI Markets, Top4Fx

Jul 24 2017 10:46:52

 Spain's financial markets regulator CNMV has warned of two unauthorized forex brokers: GSI Markets and Top4Fx. In the entry for GSI Markets the regulator lists three companies: Media Soft Limited, Netsoft Limited and Netmedia Markets OU. Read more

CySEC authorizes ProbusFX

Jul 24 2017 09:10:31

 The Cyprus Securities and Exchange Commission (CySEC) has published a notice that it has authorized a new forex broker operating from the domain www.probusfx.com. The brokerage is owned by Aspide Financial Limited and is based in Limassol, Cyprus. Read more

CSSF warns of unauthorized broker Luxembourg Capital Finance

Jul 24 2017 08:42:41

Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) has published a warning against the broker Luxembourg Capital Finance, operating the website www.luxembourg-capital-finance.com. Read more

Are women better traders?

Jul 21 2017 13:25:09

 The age-old gender inequality is not going away fast, despite the deliberate attempts to make companies give equal pay and the requirements that an X number of women sit on the company board.   The financial sector is one fine example of gender inequality in terms of numbers, at least. Read more

ASIC warns of 72Option, LCG clone

Jul 21 2017 07:45:45

 The Australian Securities and Investment Commission (ASIC) has updated its warning list of unlicensed entities with the addition of the binary options broker 72Option and a clone of the forex broker London Capital Group (LCG). 72Option, also known as Epic Ventures Ltd. Read more

Binary Options vs Digital Options

Jul 20 2017 14:07:23

The binary options industry continues moving forward. One of the rather new products which is available are the so called “digital options”. Though they may appear similar in nature to the classic binary options, there are several differences worth pointing out. Read more

Are forex trading contests good for you?

Jul 20 2017 09:47:11

You may nor have heard about them, if you have been living under a rock, but there are many forex trading contests nowadays. They are offered by brokers, as a means to attract new clients. Read more

Forex