Nadex Launches Economic Event Contracts

Nadex Launches Economic Event Contracts
Economic Event

New binary option contracts facilitate speculation on nonfarm payrolls and weekly jobless claims

On January 6, 2020, we launched two new types of contracts, enabling members to turn economic forecasts into trades. These contracts will give Nadex Members the opportunity to speculate on both the nonfarm payroll and weekly jobless claims reports, in addition to the markets affected by them.

Travis McGhee, Chief Commercial Officer at Nadex, says, “The nonfarm payroll and weekly jobless claims reports are large releases that give important insights into the health of the US economy. These are significant numbers that directly affect US markets.”


Trading Nonfarm Payroll and Weekly Jobless Claim Reports on Nadex

Once traders have joined Nadex, they have access to the full range of markets and binary option contracts on their desktop or mobile trading platform. Nonfarm payroll and weekly jobless claims strike prices are based on expert economic forecasts – traders can buy or sell contracts depending on their own predictions.

“Nadex is a CFTC regulated derivatives exchange that exists to support its customers with innovative and risk protected trading opportunities in a strongly regulated environment. These new event contracts are just the first in a series of product launches we have in planning for 2020,” says Ian Peacock, President of IG Group North America.

Nadex Members can trade the new nonfarm payroll and weekly jobless claims contracts for free through January and February 2020.

The information contained above may have been prepared by independent third parties contracted by Nadex. In addition to the disclaimer below, the material on this page is for informational and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Please note, exchange fees may not be included in all examples provided. View the current Nadex fee schedule. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representations or warranties are given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk and any trading decisions that you make are solely your responsibility. Trading on Nadex involves financial risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results. Nadex contracts are based on underlying asset classes including forex, stock index futures, commodity futures, cryptocurrencies, and economic events.

Trading can be volatile and investors risk losing their investment on any given transaction. However, the design of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.