CHICAGO--(BUSINESS WIRE)--Headline of release should read: Nadex Further Expands Forex Product Line (sted Nadex Further Expands Equity Index Product Line). First graph, first sentence of release should read: Today, the 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 line... (sted equity index product line...).
The release reads:
NADEX FURTHER EXPANDS FOREX PRODUCT LINE
Today, the 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 line to include EUR/JPY and GBP/JPY Binary Options and Bull Spreads. Additionally, Nadex has doubled the density of the strike prices on all existing weekly Forex Binary Contracts, allowing traders to target entry at more precise market levels.
“Nadex continues to see rapid growth in trading volume on our Forex based contracts” says Yossi Beinart, CEO and President of Nadex. “We believe our EUR/JPY and GBP/JPY products will be a welcome addition for retail FX traders”.
Nadex’s Binaries are all-or-nothing contracts that pay out a fixed amount to the side of the trade that finishes in-the-money. Nadex Bull Spreads have a variable payout; a trader’s potential loss and potential gain are limited by the contract’s cap and floor. In neither case can a trader lose more than the amount they are required to place in collateral.
Nadex’s entire product line of binary and bull spread contracts also includes: equity index contracts (Wall Street 30, US 500, US Tech 100, US SmallCap 2000, FTSE 100®, Germany 30, Korea 200, Japan 225, India 50), energy contracts (crude oil, natural gas), currencies (AUD, EUR, GBP, CAD, CHF, JPY), metals (gold, silver, copper), and agricultural (corn, soybeans) contracts. Event contracts, including initial jobless claims, nonfarm payrolls, Fed Funds, and European Central Bank rate announcements, are also available to traders on Nadex.
About NADEX
Nadex, headquartered in Chicago, is a wholly-owned subsidiary of the U.K.-based IG Group Holdings, 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.