CHICAGO, Jan. 6, 2020 /PRNewswire/ -- The North
American Derivatives Exchange™ (Nadex) is launching two
new types of contracts, enabling members to turn economic
forecasts into trades. The contracts will give Nadex Members
the opportunity to speculate on both the nonfarm payroll and weekly
jobless claims reports, in addition to the markets affected by
them.
Travis McGhee, Chief Commercial
Officer at Nadex, says, "The nonfarm payroll and weekly jobless
claims reports are large releases that give important insights into
the health of the US economy. These are significant numbers that
directly affect US markets."
Trading Nonfarm Payroll and Weekly Jobless Claim Reports on
Nadex
Once traders have joined Nadex, they have access to the full
range of markets and binary option contracts on their desktop or
mobile trading platform. Nonfarm payroll and weekly jobless claims
strike prices are based on expert economic forecasts – traders can
buy or sell contracts depending on their own predictions. Nadex
Members can trade the new nonfarm payroll and weekly jobless claims
contracts for free through January and February 2020.
"Nadex is a CFTC regulated derivatives exchange that exists to
support its customers with innovative and risk protected trading
opportunities in a strongly regulated environment. These new event
contracts are just the first in a series of product launches we
have in planning for 2020," says Ian
Peacock, President of IG Group North America.
About Nadex
Nadex is the leading exchange in the US, offering binary option,
call spread, and Touch Bracket™ contracts. Nadex provides secure
and innovative ways to participate in the markets – it is regulated
by the Commodity Futures Trading Commission (CFTC), with member
funds held in segregated accounts in major US banks.
Based in Chicago, Nadex is the
North American unit of IG Group (LON: IGG), a FTSE 250 global
financial services firm with a market cap of $3 billion (as of Sept.
24, 2019).
Follow Nadex on Facebook, Twitter, and Instagram.
Nadex media contact: Adam
McAden, Product and Platform Specialist,
Adam.Mcaden@nadex.com, 414-841-4511
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SOURCE Nadex