Blog

Group One Futures Trading Joins NADEX

TradingPub Admin | April 21, 2014

Responsive image

We are happy to inform you  that Nadex, as reported by the Chicago Business Wire  today, 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.

The Chicago Business Wire further reports that Nadex is expecting that the addition of Group One to the existing market making on the Exchange will provide traders  with increased liquidity and even tighter spreads. The added liquidity through Group One’s quotes will open 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.

The release quotes John Kinahan, interim CEO at Group One: “Nadex is a well-respected exchange and we are excited to have the opportunity to make markets there”;  “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.”

Tim McDermott, CEO designate at Nadex shares: “Group One is an expert in its field and will help provide additional liquidity in our most heavily traded markets”.  “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.

About Nadex
Nadex, a US-regulated exchange, offers traders a unique way to trade binary options and spreads on a wide range of the most heavily traded forex, commodities and stock indices markets. Nadex, is headquartered in Chicago, and is subject to regulatory oversight by the CFTC.

About Group One Trading LP

Founded in San Francisco in 1989, the company has grown into one of the largest, privately held options trading firms in the United States with offices in New York, Chicago, Philadelphia and San Francisco.

We would like to say a special thank you to our pals at Nadex for their support of the TradingPub. If you are not trading on Nadex yet, be sure to check out the free video library we have put together - Access Here

Cheers,

TradingPub