Hedgestreet re-brands as Nadex, offers simplified Derivatives Trading
June 23, 2009admin No Comments »IG’s announement letter follows -:
Nadex (The North American Derivatives Exchange) is a very interesting concept allowing you to trade stock indices, commodities, forex, and economic events with Limited Risk in a transparent, regulated market.
Nadex, Inc. is a retail-orientated exchange offering simplified derivatives contracts on the world’s markets. Nadex is subject to regulatory oversight by the CFTC.
It is also a subsidiary of the UK’s IG Index, a leader in simplified trading and spread betting. This also explains why IG Index kept its US presence so far. It also is a market maker in a way, because another fully owned IG Index’s subsidiary serves as a market maker for this exchange, ergo: trading with Nadex is trading with a market maker, just like in stocks and similar to Forex.
The full release:
HedgeStreet becomes, Nadex, the North American Derivatives Exchange.
With our new name, we are releasing a new website on Sunday June 21st. This new website includes a significantly improved trading front-end with new content, and many new features, such as:
The existing website will automatically direct users to the new website, www.nadex.com, where the improved trading functionality has been available on Mock Trader for the last week.
To celebrate the new features and functionality, existing HedgeStreet members and new Nadex members will not be charged any trading or settlement fees for 4 weeks, beginning on Sunday, June 21st 2009. Following this 4 week promotion Nadex’s new fee structure will cap trading fees at $7 per order. Orders to buy or sell 7 or fewer contracts still will incur a $1.00 per contract trading fee. Positions that expire and settle at a loss will not incur any settlement fee.
If you haven’t already opened a live trading account; please open an account on or after Sunday June 21st as this function will be unavailable after the market close on Friday June 19th through Saturday June 20.
You can login to your account on Nadex.com using the same user name and password that you have used on the HedgeStreet Exchange website as long as you have logged into your account within the last six weeks. If you have not logged into your account during that time frame, we weren’t able to confirm your password and access rights. Therefore, you will need to call us at 877-776-2339 to re-activate your account information.
Also, take a look at the binary and spread contracts in our new equity index markets, the Wall St 300, US Tech 100 and US 500 and our new Soybean and Corn commodity markets.
If you have any questions, our customer service team will be happy to assist you. Please email us or call us at 877-776-2339.
Many thanks,
Nadex Team
www.nadex.com
Thoughts: So HedgeStreet, IG’s equivalent of ExtraBet/Binary Bet for the American Market is now known as Nadex.
Tags: CFTC, hedgestreet, igindex, Nadex, North American Derivatives Exchange
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