Nadex registers 53% YoY increase in trading volumes in Q2 2015


The North American Derivatives Exchange (Nadex), part of IG Group Holdings plc (LON:IGG), today announced a set of robust operating metrics for the second quarter of 2015.

The CFTC-regulated exchange said the volume of binary options and spread contracts traded in the second quarter of 2015 rose 53% versus the equivalent three-month period of 2014. This marks a continued growth trend. In fact, the growth rate accelerated from the preceding quarter when Nadex posted a 38% year-on-year rise in volumes.

The most popular contracts during the second quarter were the US 500 (based on the CME® E-mini S&P 500 Index® Futures) and the Euro/US dollar exchange rate (EUR/USD). The three-month period also saw growth in the China 50 and Bitcoin contracts introduced in the first quarter of this year.

During the second quarter, Nadex services underwent a significant improvement. The Nadex online trading platform got a new look that included updated ease-of-use features as well as aesthetic improvements. By working closely with client services, the development team incorporated member feedback for an upgrade to its iPad app. Also, the Nadex Pro desktop platform introduced Fill-or-Kill and Immediate-or-Cancel order durations to its range of order types, thus responding to the needs of advanced traders.

“We’re growing in a number of ways that shows we’re answering a real need,” said Tim McDermott, CEO of Nadex. “More contracts, more markets and more members who are welcoming Nadex into their trading life. And we’re especially proud of the way our members have a voice in how we continue to enhance our platforms and services.”

To view the official announcement by Nadex, click here.

For an insight into the US binary options market, check out the guest post by Dan Cook, Director Business Development at Nadex.

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Nadex registers 53% YoY increase in trading volumes in Q2 2015

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