The North American Derivatives Exchange (Nadex), part of IG Group Holdings plc (LON:IGG), has just reported its operating metrics for the third quarter of 2015, with the total trading volumes reaching a record high level for third consecutive quarter.
Nadex said the volume of binary options and spread contracts traded on the exchange in the third quarter of 2015 was 70% higher than in the third quarter of 2014. On August 31, 2015, the volume traded since January exceeded the total for all of 2014.
The most heavily traded contracts were the US 500 (based on the E-Mini S&P 500 futures) and the EUR/USD exchange rate.
Given the growing interest in binary options trading, Nadex has launched a purely educational website using the new “dot-nadex” top-level domain. Binaryoptions.nadex offers a variety of trading tips and strategies as well as education on the benefits of exchange-traded binary options.
The company is seeking to educate the public about legal, trustworthy ways to participate in the markets. This happens in an environment of increasing presence of offshore, loosely-regulated binary options providers targeting US clients. The recently published RED list features the names of such companies that illegally solicit US investors.
“It’s gratifying to see our strong growth continuing,” said Tim McDermott, CEO of Nadex. “It means that Nadex is addressing a real desire for innovations that let individuals participate in the markets on a level playing field. We’re all affected by the markets in our daily lives. Nadex offers customers a limited-risk way to put into action their own intelligence and insights about those market forces.”
Nadex’s new educational website about binary options.
To view the official announcement from Nadex, click here.