de | cn | ru

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

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec, FCA 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, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Market News

Out with the old, in with the new: Could digital currencies replace fiat money?

Feb 21 2018 15:41:59

  In 1971, US President Richard Nixon suspended the convertibility of the dollar into gold and pitched a stone into the relatively calm waters of the global economy. Read more

CONSOB issues cease orders against several forex, binary options brokers

Feb 20 2018 09:24:27

 Italy’s financial markets and service providers regulator CONSOB announced it has issued cease orders against several forex and binary options brokers that are operating in violation of Italian law. Read more

Switzerland’s FINMA warns of forex broker ProfitTrade24

Feb 19 2018 08:26:09

 Switzerland’s financial markets and services regulator FINMA has issued a warning against the forex broker ProfitTrade24. Read more

UK’s FCA warns of unregulated forex broker XMarkets

Feb 16 2018 08:19:16

UK’s Financial Conduct Authority (FCA) has issued a warning that the forex broker XMarkets is not licensed to offer its services in the UK. “This firm is not authorised by us and is targeting people in the UK. Read more

UK’s FCA warns of forex broker Prime CFDs

Feb 13 2018 07:55:43

 UK’s financial markets and services provider regulator FCA, has issued a warning against the forex broker Prime CFDs.   According to the notice, the broker is providing services in the UK on its site - www.primecfds.com, without the proper authorization. Read more

FCA: Brits lose GBP 87 000 to binary options scams per day

Feb 02 2018 09:16:33

 Brits lose an average of GBP 87 000 a day to binary options scams, said UK’s financial services watchdog the Financial Conduct Authority (FCA) in its latest advisory. In the publication the FCA urges the public to be vigilant to the threat of online investment fraud. Read more

Facebook bans cryptocurrency, ICO, binary options ads

Jan 31 2018 08:04:08

Facebook is banning the ads of cryptocurrencies, including bitcoin, initial coin offerings (ICOs) and binary options across its network and partnering sites, said the company in a blog post. Read more

Coincheck execs don’t admit security flaws

Jan 29 2018 08:37:40

 The executives of the Japanese cryptocurrency exchange Coincheck, which became the latest victim of a security breach and theft of cryptocurrencies worth $530 million, refused to admit security flaws, reports CCN. Read more

OneCoin now owned by “poor boy” from Sofia – media

Jan 24 2018 14:01:54

The companies behind the OneCoin MLM ponzi scheme have been transferred to Kristian Manolov from one of the less affluent suburbs of Bulgaria’s capital Sofia, reports the local daily 24 Chasa. Read more

Keeping things private – New data protection and financial regulation protect investors

Jan 23 2018 14:57:45

We have all experienced a well targeted advert popping up on our social media after posting a comment on a subject. Read more

Forex
de | cn | ru