CHICAGO--(BUSINESS WIRE)--Today, North American Derivatives Exchange (Nadex), the first and only regulated retail-focused futures exchange in the United States, announced the expansion of its forex product range to include AUD/USD binaries and Bull Spreads. To address client demand, traders on Nadex will be now able to trade binary and spread contracts with an Australian Dollar/US Dollar underlying. Additionally, Nadex has adjusted the strike intervals for its existing forex intraday binaries.
“The forex product range that we currently offer on Nadex has been very well-received by our customers,” says Yossi Beinart, CEO and President of Nadex. “In response to customer demand and their evolving interest, we are focusing on the expansion of foreign exchange binary options and Bull Spread contracts. Further, we are narrowing our strike intervals to allow for more price movement in trading FX intraday binaries.”
Nadex’s binary contracts are all-or-nothing contracts that pay out a fixed amount to the side of the trade that finishes in-the-money. Nadex’s spread contracts have a variable payout; a trader’s potential loss will not exceed the amount invested, and the potential gain is limited by the contract’s cap (for buyers) or floor (for sellers).
Nadex’s entire product line of binary and bull spread contracts also includes: equity index contracts (Wall Street 30, US 500, US Tech 100, Germany 30, Korea 200, FTSE 100®), energy contracts (crude oil, natural gas), currencies (EUR, GBP, CAD, CHF, JPY), metals (gold, silver, copper), and agricultural (corn, soybeans) contracts. Event contracts, including initial jobless claims, Fed Funds, European Central Bank rate announcements, nonfarm payrolls and unemployment, are also available to traders on Nadex.
About NADEX
Nadex, headquartered in Chicago and a wholly-owned subsidiary of the U.K.-based IG Group Holdings, is subject to regulatory oversight by the CFTC. Through Nadex, traders can hedge against or speculate on price movements in currency, commodity, event, and equity index markets.
To learn more about Nadex, please visit www.nadex.com. For information on becoming a Nadex member, call 1-877-776-2339 or e-mail Peter.Lee@nadex.com.