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The North American Derivatives Exchange (Nadex), a regulated online binary options exchange in the United States, 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.
