New Derivatives Exchange in the US
IG Group has launched Nadex.com, the North American Derivatives Exchange, in the US market.
Formerly known as HedgeStreet, Nadex, which was launched on June 21, now offers significant improvements to its trading environment and product line and remains the first and only regulated, retail-focused futures exchange available for online trading in the US.
Tim Howkins, CEO of IG Group, said: "When [we] acquired this Exchange over a year ago, we saw the need for a regulated exchange in the United States where the retail trading community could effectively trade forex and other products. This rollout represents the culmination of our initial plans to improve the Exchange’s technology and product mix."
The expanded product line now includes equity index contracts (Wall Street 30, US 500, US Tech 100, Germany 30, Korea 200, FTSE® 100), energy contracts (crude oil, natural gas, RBOB gasoline), currencies (EUR, GBP, CAD, CHF, YEN), metals (gold, silver, copper), and agriculturals (corn, soybeans), as well as event contracts (initial jobless claims, Fed Funds, European Central Bank rate announcements, nonfarm payrolls, unemployment rate).
In contrast to most other futures exchanges in the US, contracts with Nadex are all strictly limited risk. The unique browser-based Direct Access trading platform allows clients to trade directly into the exchange, with no charges to set up an account or use the platform.
To mark the launch, Nadex clients are being offered four weeks of free trading across the entire product range.
Find out more about Nadex