BinaryOptionsNow – Recently, popular online trading portal ForexMagnates sat down with NADEX President and CEO Yossi Beinart in order to discuss the future of the binary options industry as well as the role of NADEX (North American Derivatives Exchange) in this business.
Very early in the interview, NADEX CEO Yossi Beinart already revealed that his company is not like most other binary options providers. First of all, he pointed out that NADEX is a US regulated binary options broker that puts a greater emphasis on the professional trader than the low-volume casual trader.
Likewise, the CEO pointed out that one of the most important characteristics of the company is that fact that traders won’t be betting against the broker but instead against each other. As such, the company is more a binary options trading exchange rather than a typical binary options broker.
What this means is that the broker has no financial interest in the trader losing bets. Profits will be generated by charging a commission on a purchased option. So if a trader loses a trade, then that money will not go to NADEX but to another trader against whom the initial trader was betting.
ForexMagnates also pointed out that it’s extremely likely that in the next few years the average payout rates in the binary options business will increase to up to 95%. However, CEO Yossi Beinart again explained that this would have no impact at all on the company because NADEX does not generate revenue by traders finishing outside of the money.
The interview also touched the binary options trading software used by the company. CEO Yossi explained that unlike most other binary options companies, NADEX uses a completely unique trading platform that was not developed by a third party software provider and as such isn’t offered by multiple other brokers as well.
At the end of the interview, the CEO pointed out that one of company’s most important missions is to constantly develop new technologies and trading tools that will help traders experience a better binary options trading environment and achieve better success in the business.
NADEX (North American Derivatives Exchange) was founded in 2004 under the initial name of HedgeStreet Exchange. In 2007 the company was acquired by the UK based IG Group that soon renamed it to NADEX. It was around this time when binary options trading became popular.
NADEX is one of the few financial service providers and binary options brokers that have managed to acquire a valid license in the United States. As such, it’s regarded as one of the most serious and reputable brokers on the globe.
Unlike most other brokers, NADEX is based on an exchange tradingmodel. This means that traders won’t be betting against the broker but against other traders. As such, the broker is completely neutral in regards to trader activity, as in, it’s not in the broker’s interest for traders to lose.
The broker offers its binary options exchange trading services using a very large number of assets ranging from stocks, indices, forex pairs, commodities and even various events. Trading takes place on a very advanced and highly intuitive binary options trading platform.