North American Derivatives Exchange Introduces Japan 225 and India 50 Contracts and Extends Trading Hours

* Reuters is not responsible for the content in this press release.

Thu Oct 29, 2009 9:00am EDT

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®, 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.

BlissPR
Karlsson Banks, 212-584-5485
karlsson@blisspr.com




Copyright Business Wire 2009

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