Binary Options Go West! NADEX Achieved Best Ever Results In 2013

Binary options exchange NADEX has announced a record year in exchange-traded binary options and spread contracts, amounting to a 106% increase when compared with the previous year.
0 Comments

The regulatory furore which surrounds the method by which OTC binary options products are sold in different jurisdictions has been a source of both bemusement and opportunity for many companies during 2013, with Japan having finalized its entire regulatory structure, requiring re-engineering of trading platforms intended for that particular market, and North America conducting a clampdown on firms soliciting OTC binary options in its territory.

Whilst one particular binary options brand is currently bearing the brunt of an ongoing lawsuit instigated by the Commodity Futures Trading Commission for offering such a product in a market where the marketing of OTC binary options is illegal, dedicated binary options exchange NADEX has announced today that it enjoyed record results during last year in terms of trading volume.

According to NADEX, the exchange experienced a 106% increase in binary options and spread contracts traded year-over-year. The most heavily traded contracts on the exchange during 2013 were the USD/JPY currency pair and the US 500.

“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,” stated NADEX General Counsel and Chief Regulatory Officer, Tim McDermott in a commercial statement.

“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,” he continued.

With the National Futures Association’s regulatory stance on the illegality of trading binary options on an OTC basis in its jurisdiction, combined with its ability to censure overseas firms which seek to provide such products to American customers, binary options can only be traded via two dedicated binary options exchanges, one of which is NADEX, the other being Cantor Exchange, therefore providing clients with complete peace of mind and security that their funds are safe and that prices are completely transparent, whilst at the same time providing something of a captive audience to these venues.

BeinartL

Yossi Beinart
President, NADEX

NADEX, which is a subsidiary of IG Group, has garnered considerable interest from platform providers as the technology firms assess the required developmental input in order to create exchange-compatible binary options platforms in order to participate in the US market. If such moves are made by the larger platform companies, trading volumes at NADEX could increase further as more order flow is channeled through the exchange.

With the release of these results, an interesting correlation between regulation and profitability within binary options is apparent, as not only did this North American exchange outperform the previous year by a significant margin, but Japan, which now also applies stringent regulatory oversight to its binary options firms, also played host to higher profitability than that of FX within its own domestic market during October.

Under the steerage of highly respected financial services senior executive Yossi Beinart, NADEX achieved these results, with Mr. Beinart having been elected to the prestigious position of heading the Tel Aviv Stock Exchange during what can be considered a poignant year in his career.

 







TAGS: , , , , , , ,
 

Related posts:

More information on this subject is found in the latest Forex Magnates Quarterly Report


Comments are closed.

We do not store your information and we do not disclose our sources.


Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed):



Digital Currencies

Expert Articles

Fintech, Startups & New Products

dc

Bitcoin Picks: DISH Starts Accepting Bitcoin, Illegal Firearms Sales Funded with Bitcoin

A number of developments happened during this week in the world of Bitcoins - US cable provider, DISH opened its doors to Bitcoin payments, while...

Spain’s banking giant Santander runs challenge to devise Bitcoin strategy for banks

The open innovation platform Yegii is running a challenge to “analyze the impact of Bitcoin on banks and devise a strategic course of action” on...

Coinbase: our insurance is legit and comprehensive

Coinbase has sought to reassure consumers that it provides real, comprehensive insurance on deposits, at no cost to the consumer. They have actually done so...

More Digital Currencies

Juan Colon, Darwinex

Advantages And Disadvantages Of Copy Trading

Traders can collaborate with peers with the same interests, exchanging mutually beneficial trading related information. One such approach is fx copy trading, whereby “Leaders” publish...

Coffee cup and coffee beans on old wooden background

Coffee Futures: Break or a Fake?

Coffee futures can be one of the more volatile commodities around, especially during different seasons where drought concerns or frost concerns in Brazil can really...

Bart Burggraaf

Are Analytics Sites Like Alexa A Viable Measure For Web Traffic?

There are quite a few services like Alexa, including Compete, Nielsen Online, Comscore, SimilarWeb and various google tools – all are useful in some way...

More Expert Articles

Lending Club Logo

After $5B in Loans, Lending Club Eyes $500M IPO

In a deal being eyed by other P2P lenders and alternative financial companies, Lending Club has filed its S-1 prospectus as it looks to raise up to $500 million in an IPO.
Read more

fxn2Danielle Lehrer , Founder of Forex NationForex Nation

Forex Nation Looks to Break the Mould by Offering Customers Good Cause to Trade

In the vast and sometimes brutal jungle of currency trading, an Australian Nonprofit broker wants to apply social responsibility to its core business model. Is giving back compatible with competitive market goals?
Read more

More Fintech, Startups & New Products

Forex Research

Recent Comments

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.