- Updates for Android and iPhone Apps Make Applying Even Easier
- December 2016 Saw the Highest Monthly Trading Volume in Nadex's History
CHICAGO, IL / ACCESSWIRE / January 10, 2017 / Nadex's total binary option trades and volume up over 70% year-to-year versus Q4 2015.
Nadex reported over 70% year-to-year growth in trade volume and total trades of binary options during the fourth quarter of 2016 compared to Q4 2015.
Nadex saw an overall 50% increase in annual trades and volume from 2015 to 2016. December 2016 volume was the highest in Nadex's history, reflecting a sustained mainstream demand for limited-risk alternatives to conventional trading.
Tighter Spreads and Record Volume
In December, Nadex trading volume set a new all-time record. While the post-election surge affected many markets, it soon gave way to flat underlying markets with little momentum, as some traders took profits and left for the holidays.
Defying that trend, Nadex saw robust volume throughout December. With tighter bid-ask spreads, traders found attractive trading opportunities not just in stock indexes (which lingered near all-time highs), but in crude oil, gold, forex, and other markets. Since all of those markets can be traded from one platform, traders could switch between them or take simultaneous positions in multiple asset classes.
Binary options offer distinct advantages and flexibility in both flat and volatile markets. When markets had large swings before and right after the US election, the guaranteed limited risk built into Nadex binary options allowed traders to take positions with their maximum possible loss and profit defined up front.
And when the markets moved sideways, while conventional forex, futures, or stock trading yielded predictably modest results, the all-or-nothing structure of binary options meant that even a small price movement relative to the strike price could yield the full payout.
Faster, Easier Deposits and Withdrawals
The latest updates to the Nadex mobile and web apps made instant document upload even easier, giving new Nadex members a smoother online application process than ever. Withdrawing funds is just as easy from PC or mobile, with funds sent securely and quickly to member checking accounts.
Market Filter Now Available on Mobile
With over 10,000 contracts available daily, Nadex added Market Filter to let traders search for a specific asset class, current price, length of contract, and/or time to expiration. After introducing Market Filter on the web platform in Q3, we added it to both our iPhone and Android apps in Q4.
For example, a trader can filter for crude oil binaries that can be bought for less than $40 with less than an hour until expiration. Traders can save filters to allow them to quickly deploy their favorite strategies.
"December and the whole fourth quarter showed the unique strengths of exchange-traded binary options," said Nadex CEO Timothy McDermott. "Whatever market conditions our members encountered, they could take advantage of those opportunities with confidence."
Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders seeking low-cost, limited risk ways to participate in the markets. Member funds are segregated and held in top-tier US banks. Using Nadex's online and mobile platforms, traders can trade short-term price movements in the most heavily traded currency, commodity, and stock index markets, as well as on economic events and the price of Bitcoin, with limited-risk hourly, daily, and weekly contracts.
Notes to Editors
Nadex offers traders a trusted, secure way to trade binary options and spreads on a wide range of the most heavily traded forex, commodities and stock indices. Nadex is headquartered in Chicago, and is subject to regulatory oversight by the CFTC.
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To learn more about Nadex, please visit https://nadex.com. For information on becoming a Nadex member, call 1-866-296-0167 or email [email protected].
Disclaimer: Trading on Nadex involves risk and may not be appropriate for all investors.
SOURCE: Nadex