North American Derivatives Exchange Introduces Japan 225 and India 50 Contracts and Extends Trading Hours
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CHICAGO--(BUSINESS WIRE)-- The North American Derivatives Exchange (Nadex), the only government-regulated, retail-focused, online futures exchange in the United States, announces today the addition of Japan 225 and India 50 contracts and extends trading to 23 hours. As of today, Nadex is open from 6pm ET on Sunday to market close on Friday (excluding 5pm - 6pm ET, Monday through Thursday, when Nadex will close for end of day processes). The extended hours provide members with the opportunity to trade currency, equity index, commodity, and event contracts overnight between the hours of 2:05am and 8am ET when trading was previously unavailable.
Nadex now lists Japan 25 and India 50 binaries and spreads based on SGX Nikkei 225 Index futures and SGX CNX Nifty Index futures traded on the Singapore Exchange. The new contracts, offered in daily and weekly durations, will settle the contracts to an expiration value calculated by Nadex based on a sample of trade prices from the SGX Nikkei 225 Index Futures (for Japan 225 contracts) and the SGX CNX Nifty Index Futures (for India 50 contracts).
Nadex offers an array of contract options, including binary and spread contracts on energy (crude oil, natural gas, and Rbob gas), currencies (EUR, GBP, CAD, CHF, YEN), and metals (gold, silver, copper). The Nadex product line also includes equity index contracts (Wall Street 30, US 500, US Tech 100, Germany 30, Korea 200, FTSE 100(R), Japan 225, India 50), agricultural (corn, soybeans), and event contracts (jobless claims, Fed Funds, European Central Bank rate announcements, nonfarm payrolls, unemployment rate).
"Our launch of the Japan 225 and India 50 will further expand the global reach of our equity index product line," says Yossi Beinart, CEO and President of Nadex. "This expansion responds to a growing interest in our existing index contracts and our customers' requests for more international opportunities."
The Exchange's binary contracts are all-or-nothing contracts that payout a fixed amount to the side of the trade that finishes in-the-money. Spread contracts offer traders a variable payout structure with controlled risk by limiting the value of each contract at the upper and lower ends of each spread's range. 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).
Based on the contracts offered, trades on Nadex are easy to execute and easy to track, and risk is limited and capped. The spread contracts expire daily, and the binary contracts have durations from one week to as little as two hours. Nadex markets are open for trading from 6pm ET on Sunday to market close on Friday (excluding 5pm-6pm ET, Monday through Friday.
About Nadex
Nadex, which is headquartered in Chicago, Illinois and a wholly-owned subsidiary of the U.K.-based IG Group Holdings, is subject to regulatory oversight by the Commodity Futures Trading Commission (CFTC). Through Nadex, traders can hedge against or speculate on price movements in currency, commodity, event, and equity index markets. Nadex plans to introduce new limited risk products and make new markets available on Nadex throughout 2009. To open an account, real or practice, visit: www.nadex.com.
Source: North American Derivatives Exchange
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