The North American Derivative Exchange commonly known as Nadex has launched new contracts for users increasing new trading opportunities for them on the famous forex as well as commodities markets. According to a report, Nadex has rolled out eight new knock-outs and ten new call spreads for users on its platform. Those traders who have a live trading account with Nadex can trade these new call spreads and knock-outs.
Introducing new Knock-outs and Call Spreads
New knock-outs and call spreads have been launched by the North American Derivative Exchange that will offer users a new way of speculating on volatility on commodity and forex markets. There are eight newly-introduced knock-outs that are based on commodities and forex pairs. These include AUD/USD, USD/CAD, EUR/GBP, AUD/JPY, GBP/JPY, EUR/JPY, Natural Gas, and Silver.
While on the other hand, there are ten new call spreads that have been introduced. These are with weekly durations and are worth $750. This is one of the major US Dollar value contract available on this derivative exchange. Call Spreads for the ten forex pairs include AUD/USD, AUD/JPY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, EUR/GBP, GBP/JPY, and EUR/JPY.
Talking about the importance of knock-outs and call spreads, the Platform and Product specialist of the North American Derivative Exchange Adam McAden said that they are focused on providing contracts that meet with different types of trading strategies and styles.
McAden stated:
“These new knock-outs and call spreads form part of our ongoing commitment to bringing traders new opportunities and building out our offering. We strive to provide more optionality, with contracts that will suit different trading styles and strategies.”
Formerly known as HedgeStreet, Nadex is a United States-based exchange that offers users binary options, call spreads, and knock-outs. Regulated and authorized by the US agency Commodity Futures Trading Commission (CFTC), Nadex is a legal trading platform in the United States where users can trade spreads and binary options. On Nadex, users can trade a wide range of trading products including forex, commodities, stock indices, as well as Bitcoin (BTC).