Nadex Adds Group One Futures Trading, LLC As Market Maker
April 21 2014 - 9:00AM
Business Wire
- Addition of options trading should create
tighter spreads and increased liquidity -
The North American Derivatives Exchange (Nadex), a regulated
online binary options exchange in the United States, today
announced that Group One Futures Trading, LLC (Group One) has
joined the exchange as a market maker. Group One and its affiliates
form one of the largest, privately held options trading firms in
the United States. Group One will make markets in a wide range of
popular contracts listed on Nadex including stock index and
commodity futures.
Nadex anticipates that the addition of Group One to the existing
market making on the Exchange will provide traders with tighter
spreads and increased liquidity. The added liquidity provided
through Group One’s quotes will provide deeper markets for some of
Nadex’s most heavily traded products like the intraday, daily and
weekly US 500, Wall St. 30 and Gold contracts and will allow Nadex
traders to execute trades with greater ease.
“Nadex is a well-respected exchange and we are excited to have
the opportunity to make markets there,” said John Kinahan, interim
CEO at Group One. “Group One provides competitive liquidity across
a broad range of markets and Nadex offers us the opportunity to
bring our skills to a retail-focused market with novel, interesting
products.”
“Group One is an expert in its field and will help provide
additional liquidity in our most heavily traded markets” said Tim
McDermott, CEO designate at Nadex. “As part of our overall
strategic goals, we’ve been seeking to partner with highly
qualified market makers to provide even greater liquidity and
tighter spreads; this development should make Nadex an even more
attractive trading platform for current and prospective members of
the exchange.”
Nadex is the first and largest regulated, retail-focused, online
binary options exchange in the U.S. Through Nadex’s online
platform, traders can hedge against or speculate on price movements
in currency, commodity, event and equity index markets.
About NadexNadex, a US-regulated exchange, offers traders
a unique way to trade binary options and spreads on a wide range of
the most heavily traded forex, commodities and stock indices
markets. Nadex, is headquartered in Chicago, and is subject to
regulatory oversight by the CFTC.
Follow us on Twitter: @Nadex_USLike us on Facebook: nadexUS
To learn more about Nadex, please visit http://www.nadex.com.
For information on becoming a Nadex member, call 1-877-776-2339 or
email customerservice@nadex.com.
Futures, options, and swaps trading involves risk and may not be
appropriate for all investors.
About Group One Trading LPFounded in San Francisco in
1989, the company has grown into one of the largest, privately held
options trading firms in the United States with offices in New
York, Chicago, Philadelphia and San Francisco.
Press:CognitoJacqueline Gogel, +1 646 395
6300Nadex@cognitomedia.comorNadexNancy Robles, +1 312 884
0947nancy.robles@nadex.com