On Thursday, the North American Derivatives Exchange (Nadex) announced its total exchange trade volume reached all-time highs in 2013. This came on a 106% increase of binary options and spread contracts traded year-over-year.
In 2013, the most heavily traded contracts on the exchange were the USD/JPY currency pair and the US 500.
Tim McDermott,?Nadex General Counsel and Chief Regulatory Officer, said in a press release,?”Our record volume performance in 2013 demonstrates consistent progress for?Nadex?and is a measure of the success we have had in providing a fully transparent platform to trade binary options and spreads for traders. Our growth in volumes can also be attributed to the enhanced efficiency of our trading platform as well as building closer relationships with trading members.?
2013 Nadex highlights included the following: ?
- Average daily volume (ADV) more than doubled year-over-year?
- A record number of active traders as?Nadex?is the first and largest regulated, retail-focused, online futures exchange in the U.S focused on binary options and spreads. Through Nadex?s online platform, traders can hedge against or speculate on price movements in currency, commodity, event and equity index markets.
Here at The Options Insider, Nadex is the sponsor for our new radio show, The Futures Options Roundtable. This offers listeners a chance to hear market experts discuss?futures options analysis, education, interviews, unusual activity, trading tips, strategy breakdowns and much more.
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