BinaryOptionsNow – The US’s first regulated online binary options exchange, the North American Derivatives Exchange (Nadex), announced yesterday that they would be launching a redesigned version of their website in an effort to offer clients a more streamlined and user-friendly trading platform.
The online exchange will be hosting a live webinar on Thursday, February 2nd 2012 at 8:00 PM (EST) that will discuss the new redesigned website layout and explain various binary option trading strategies.
Originally called “HedgeStreet”, Nadex was launched in 2004 and was the first Internet-based regulated event futures and derivatives exchange in the US. The exchange offers retail investors the ability to speculate on economic events such as who will be elected the next president of the United States as well as price movements in financial assets like forex, commodities and global stock indices.
Nadex binary options have fluctuating bid and offer prices depending on the likelihood of the contract’s event occurring and typically pay out $100 per contract. So, for example, a EUR/USD binary option contract stating that the currency pair will be above 1.3200 by 3:00 PM may be sold for $30 and pay out $100 if successful; resulting in a potential $70 profit per contract.
For those interested in a more “exotic” investments, Nadex is currently offering various event futures on happenings such as what the weekly jobless claims number will be, what the monthly nonfarm payrolls figure will be and who will be elected US president in November 2012.
For the latter, the broker is offering event contracts for $56 – at the time of this writing – that Barack Obama will be reelected in November and $40 that Mitt Romney will be elected.
In what could be a potentially massive return on investment, Nadex is selling contracts stating that Newt Gringrich will be elected president in November for nothing: $3 per contract!
With a potential payout of $100, investors speculating on Gingrich could see a massive 97% return if the former speaker is elected president later this year.
Nadex is fully regulated by the Commodity Futures Trading Commission to accept trades from US residents and is based in the US in Chicago, Illinois.
The online brokerage offers a free demo account with $25,000 in virtual money for traders interested in trying their interface. The minimum deposit to start trading real money is $100.
The Nadex platform has gotten mixed reviews in the past with many saying it was hard to use and didn’t provide enough news and educational content. Hopefully, the new redesign is targeted towards remedying these issues.