CHICAGO, November 10, 2011 /PRNewswire/ --
The North American Derivatives Exchange (Nadex) - the first and only retail-focused regulated futures exchange in the United States - today announced a major milestone as it continues to achieve record volumes. Total traded volume for 2011 has surpassed 800,000 lots, over 4 times greater than the total traded in 2010, with almost two months still remaining in the year.
Nadex has grown significantly every year since being acquired in 2008 by IG Group plc, a world-leading specialist in financial derivatives headquartered in London.
Yossi Beinart, Nadex's CEO and President, said"We are truly excited about the expansion of our business over the past year. This incredible rate of growth would not have been possible without the hard work, dedication and diligence of the whole Nadex team."
About NADEX
Nadex, headquartered in Chicago, is subject to regulatory oversight by the CFTC. Through Nadex, traders can hedge against or speculate on price movements in the currency, commodity, event and equity index markets.
Nadex lists a range of binary options and bull spreads. Nadex binary contracts are essentially all-or-nothing propositions, paying out either a fixed amount when the trader finishes 'in the money' or zero if the trader finishes 'out of the money'. Nadex spread contracts have a variable payout. These contracts offer the opportunity to maximize trading exposure within a strictly limited risk trading arena.
To learn more about Nadex, please visit http://www.nadex.com. For information on becoming a Nadex member, call 1-877-776-2339 or e-mail [email protected].
FOR MORE INFORMATION
Nadex
Dan Cook
Director, Business Development
[email protected]
+1-312-884-0923
Futures and options trading involves risk and may not be appropriate for all investors.
SOURCE Nadex
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