Nadex adds new Market Filter to mobile app

Maria Nikolova

The new Market Filter enables convenient customization of binary options trading from one’s mobile device.

North American Derivatives Exchange, Inc. (Nadex), a subsidiary of IG Group Holdings plc (LON:IGG), keeps enhancing the capabilities of its mobile application. The latest version of Nadex Binary Options for both iOS and Android gadgets adds a new Market Filter, a tool that will be helpful to traders who’d like to customize their trading experience.

In short, the Market Filter lets traders narrow the focus to the binary options and spreads that fit their trading strategy and price preferences. For instance, if a trader wants to sell USD/JPY options for a price up to $50, the tool will create the necessary filter for that.

In addition, traders can save their filters and use them in case they need them again.

The novelty is interesting in that it shows how a simple solution may result in significant reduction of complexity of choice (and navigation). Obviously, the launch of the new Market Filter also underlines the care of the company towards letting traders shape their own trading experience.

The first version of the application was launched in May 2012 and the solution has come a long way since then.

The Nadex Binary Options app offers traders access to a wide variety of binaries and Nadex Spreads. The solution enables traders to view real-time prices, use customizable charts and technical indicators, as well as to create their own watchlists.

Nadex is subject to regulatory oversight by the CFTC. All transactions are secured by 256-bit SSL encryption technology – the same industry standard which online banks use.

The mobile app enhancements highlight Nadex’s efforts to provide high-quality products and services to its clients and partners. This was noted by Nadex’s CEO Tim McDermott who, in an interview with FinanceFeeds last year, said that:

“US customers are used to trading on regulated exchanges. They trade equities, stocks and futures on exchange. It is a different mentality of trader that makes up the market place here in America compared to other regions, and therefore companies must be able to offer that kind of clientele an exchange traded product that the customers feel comfortable with, this being a component within a regulated, normalized exchange based market.”

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