Nadex sees Q1 Regulated Binary Options Grow Year-over-Year
Posted: Mon Apr 11, 2016 6:11 pm
The Chicago-headquartered North American Derivatives Exchange (Nadex), which operates a regulated binary options offering under registration with the Commodity Futures Trading Commission (CFTC), today reported results for its first quarter (Q1) trading metrics.
Nadex said the total number of trades during Q1 2016 rose 64% year-over-year (YoY) when compared to the same month in 2015, while trading volumes during that period were also lifted by 68%.
The company said that four of the five mostly traded binary options contracts where in forex, including across British pound, Japanese yen, and Australian dollar contracts, and believed that this meant that traders were finding Nadex ... (read more)