CHICAGO, March 23, 2020 /PRNewswire/ -- The North
American Derivatives Exchange (Nadex), has launched gold and crude
oil knock-out option contracts, giving traders a new way to
speculate on volatility in underlying commodity markets. Contracts
will automatically close – or get 'knocked out' – if the underlying
market price reaches the upper or lower knock-out level
giving traders a new way to access price movement in the underlying
commodity markets with a built-in trading plan providing fixed risk
and a predefined profit target. Traders can also exit positions
early, offering flexibility and choice.
"Members asked for gold and crude oil knock-out options – we've
listened and delivered, listing new contracts that traders really
want," says Ian Peacock, Chief
Executive Officer at Nadex. "This is a unique opportunity to trade
short-term contracts that are unique to Nadex, based on some of the
world's most popular markets, within a CFTC-regulated
environment."
Trading Gold and Oil Knock-outs
Gold and oil knock-outs can be bought and sold on the Nadex
platform, accessible on desktop or mobile. They will also be
available on Nadex demo accounts.
Contract details:
- Based on COMEX/NYMEX Gold Futures and NYMEX Crude Oil
Futures
- Priced in USD
- $500 contract size
Travis McGhee, Chief Commercial
Officer at Nadex, says, "This is the second new product
introduction of 2020, following the successful January launch of
economic events contracts based on the nonfarm payrolls and weekly
jobless claims reports. Our new knock-out option contracts will
enhance our offering and allow our members to find new
opportunities on the ever-popular gold and crude oil markets. We're
looking forward to being able to meet demand and give our members
what they want."
About Nadex
Nadex is the leading exchange in the US, offering short-term
trading with binary options, call spread, and knock-out option
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 approximately
$2.5 billion (as of February 2020).
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