The North American Derivatives Exchange (Nadex) has introduced today a new order type called the Market Order with Protection (MOP). The offering is described as being just like a traditional order, allowing entrance to the market quickly at the current price, however with MOP the trader is protected from fills at prices too far from his target as it guarantees that the fill price will be within a defined range.
The American binary options trading venue also announced the release of new mobile trading apps for both iOS and Android with a number of upgraded features. The firm says that the new apps are the result of extensive study of its members’ needs and trading habits, provide more straightforward functionality and will allow traders to take advantage of trading opportunities more easily.
Some of the new key features that Nadex highlights in the new apps are: the ability to group, sort and filter strike prices to find trades; use of the portrait mode of dynamic charts to view multiple strikes, or landscape mode to see more price history and add technical indicators; opening a free demo account straight from the app; a new fast market search; and the ability to add a bank account or debit card to easily fund an account.
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In October, Nadex launched an educational website using the new ‘.nadex’ top-level domain. The separate site provides trading tips and strategies as well as information on the benefits of exchange-traded binary options.