Nadex is a very interesting US venture – it’s the only place in the US where you can trade binaries and bull spreads. This type of trading, although still small, is recently becoming quite popular in Europe and although Nadex has quite a lot of market education to do before people treat this as another mainstream trading option it is in a pole position to be North American spreads trading leader just by being the first.
Starting today, Nadex (North American Derivatives Exchange) is further expanding its Forex product line by adding new AUD/USD Binaries and Bull Spreads to their product offering. To address client demand, traders now will be able to trade Binary and Bull Spread contracts with an Australian Dollar/US Dollar underlying. Additionally, Nadex has adjusted the strike intervals for its existing Forex intraday binaries to allow for more price movement.
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Nadex’s Binary contracts are all-or-nothing contracts that pay out a fixed amount to the side of the trade that finishes in-the-money. Nadex’s Bull Spread contracts have a variable payout; a trader’s potential loss will not exceed the amount invested, and the potential gain is limited by the contract’s cap (for buyers) or floor (for sellers).
Nadex’s entire product line of Binary and Bull Spread contracts also includes: equity index contracts (Wall Street 30, US 500, US Tech 100, Germany 30, Korea 200, FTSE 100®), energy contracts (crude oil, natural gas), currencies (EUR, GBP, CAD, CHF, JPY), metals (gold, silver, copper), and agriculturals (corn, soybeans). Event contracts, including initial jobless claims, Fed Funds, European Central Bank rate announcements, nonfarm payrolls and unemployment, are also available on Nadex.