Nadex Binary Options Trading Volumes up 53% YoY in Q2 2015

The most heavily traded contracts continue to be the US 500 (based on the CME® E-mini S&P 500 Index® Futures)

The North American Derivatives Exchange (Nadex) has reported the volume of binary options and spread contracts traded on the exchange in the second quarter of 2015. The announcement reveals a 53% rise compared to Q2 2014, marking the second consecutive quarter of record volumes and continuing its upward trajectory.

The most heavily traded contracts were the US 500 (based on the CME® E-mini S&P 500 Index® Futures) and the EUR/USD. The quarter also saw growth in the China 50 and Bitcoin contracts, which were introduced in Q1.

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Nadex, part of IG Group (LON: IGG), a Chicago-based global financial services provider, is the first CFTC-regulated, retail focused, online exchange in the US offering binary options and spreads. Member funds are segregated and held in US banks.

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Q2 volumes mark the tenth of the last eleven quarters to yield record volumes.

Nadex’s year-on-year growth highlights the growing popularity in the US of exchange-traded binary options. Indeed, the Q2 volumes mark the tenth of the last eleven quarters to yield record volumes.

Responding to its clients, the online trading platform also received some tech upgrades over the last quarter. A new aesthetic coupled with added functionality seek to improve the user experience. Namely, Nadex made an upgrade to its iPad app, updated ease-of-use features and added Fill-or-Kill and Immediate-or-Cancel order durations to its range of order types, in response to the needs of advanced traders.

“We’re growing in a number of ways that shows we’re answering a real need,” said Tim McDermott, CEO of Nadex. “More contracts, more markets and more members who are welcoming Nadex into their trading life. And we’re especially proud of the way our members have a voice in how we continue to enhance our platforms and services.”

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