PRN: Nadex Co-sponsors NIBA Conference in Chicago
Nadex Co-sponsors NIBA Conference in Chicago
CHICAGO, September 6, 2011 /PRNewswire/ --
The North American Derivatives Exchange (Nadex) - the first and only fully regulated retail-focused futures exchange in the United States - announced that it will be one of the co-sponsors of the upcoming NIBA (National Introducing Brokers Association) Sales and Marketing Conference to be held September 12, 2011 at the UBS Tower in downtown Chicago.Â
Nadex lists a range of binary options and bull spreads. Nadex binary contracts are essentially all-or-nothing propositions, paying out either a fixed amount when the trader finishes 'in the money' or zero if the trader finishes 'out of the money'. Nadex spread contracts have a variable payout. These contracts offer the opportunity to maximize trading exposure within a strictly limited risk trading arena.
The National Introducing Brokers Association (NIBA) established in 1991- is one of the foremost, nationally recognized organizations representing professionals in the futures and options industry. Members include Introducing Brokers, Commodity Trading Advisors, Futures and Options Exchanges, Futures Commissions Merchants and resource providers to the industry. NIBA was established as a not-for-profit association in 1991. Before NIBA existed, Introducing Brokers (IBs) and Commodity Trading Advisors (CTAs) had no central organization to ensure that they were represented within the industry. Now, through the efforts of dedicated members and volunteers, NIBA has continued to grow in both size and influence and is well respected throughout the markets.
Dan Cook, Nadex's Director of Business Development, "We are very excited about the opportunity to co-sponsor the NIBA Sales and Marketing Conference. NIBA has a long history of supporting industry organizations from both a regulatory and an educational perspective. This conference is another prime example of the Association providing its members exposure to quality presentations on timely and pertinent topics that affect us all. We are very glad to be a part of this effort and to offer support for our industry partners."
Nadex, headquartered in Chicago, is subject to regulatory oversight by the CFTC. Through Nadex, traders can hedge against or speculate on price movements in the currency, commodity, event, and equity index markets.