The North American Derivatives Exchange?(Nadex) has announced that Group One Futures Trading, LLC (Group One) joined its exchange membership as a market maker.
Nadex anticipates that by adding Group One as a market maker, it will provide traders with tighter spreads and increased liquidity as the firm’s quotes will give deeper markets for some of Nadex?s most heavily traded products, according to its press release. This includes intraday, daily and weekly US 500, Wall St. 30 and gold contracts; it will also enable Nadex traders to execute trades with greater ease.
John Kinahan, interim CEO at Group One, said in a press release,??Nadex is a well-respected exchange and we are excited to have the opportunity to make markets there. Group One provides competitive liquidity across a broad range of markets and Nadex offers us the opportunity to bring our skills to a retail-focused market with novel, interesting products.?
Tim McDermott, CEO designate at Nadex, added,??Group One is an expert in its field and will help provide additional liquidity in our most heavily traded markets. As part of our overall strategic goals, we?ve been seeking to partner with highly qualified market makers to provide even greater liquidity and tighter spreads; this development should make Nadex an even more attractive trading platform for current and prospective members of the exchange.?