Nadex
US-based derivatives exchange
title: "Nadex" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-based-in-chicago", "financial-services-companies-established-in-2004", "economics-websites", "prediction-markets", "futures-exchanges"] description: "US-based derivatives exchange" topic_path: "economics" source: "https://en.wikipedia.org/wiki/Nadex" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary US-based derivatives exchange ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Nadex |
| logo | Nadex logo duotone.jpg |
| logo_size | 150px |
| type | Private |
| foundation | 2004 |
| founder | John Nafeh |
| location_city | Chicago, Illinois |
| location_country | United States |
| area_served | United States |
| key_people | Marcus Dees, CEO |
| industry | Finance |
| products | Binary options, Knock-outs, and Call Spreads |
| services | Derivatives exchange |
| owner | Crypto.com |
| num_employees | 50 |
| homepage | |
| :: |
| name = Nadex | logo = Nadex logo duotone.jpg | logo_size = 150px | type = Private | genre = | foundation = 2004 | founder = John Nafeh | location_city = Chicago, Illinois | location_country = United States | location = | locations = | area_served = United States | key_people = Marcus Dees, CEO | industry = Finance | products = Binary options, Knock-outs, and Call Spreads | services = Derivatives exchange | owner = Crypto.com | num_employees = 50 | slogan = | homepage =
Nadex (Northern American Derivatives Exchange), formerly known as HedgeStreet, is a US-based retail-focused online binary options exchange. It offers retail trading of binary options and spreads on the most heavily traded forex, commodities and stock indices markets.
History
Nadex originally was known as "HedgeStreet" and was based in San Mateo, California. The Exchange was launched in 2004 offering an electronic marketplace that offered trading in financial derivatives to retail investors. HedgeStreet shut down its business in late 2007. Shortly thereafter, UK-based IG Group Holdings plc. agreed to purchase HedgeStreet, Inc. for $6 million and began restructuring the exchange, its technology, and its products. In 2009, HedgeStreet was renamed as the North American Derivatives Exchange (Nadex).
HedgeStreet was considered a pioneer in event futures, and the derivatives exchange is regulated in the US by the Commodity Futures Trading Commission (CFTC). The company operates the HedgeStreet Exchange, which launched in October 2004 and provides traders with a place where they can hedge against or speculate on economic events and price movements. The reasoning behind the creation of HedgeStreet was that with the rise of individual private investment in stocks, there might be a similar appetite for individuals to invest in derivatives.{{cite news | title = Firm Offers Hedging on a Small Scale | author = Daniel Nasaw |author2=Ian McDonald | url = https://www.wsj.com/articles/SB109838600867752205 | format = Preview | work = WSJ.com | publisher = The Wall Street Journal | date = 2004-10-22 | accessdate = 2007-12-26 | quote = Now a new online market wants to bring derivatives to the masses, albeit in small doses and not in the speculative form that critics contend can pose financial ruin. | title = HedgeStreet has opened up derivatives trade to Main Street | author = Laura Counts | url = http://sanjose.bizjournals.com/sanjose/stories/2006/05/29/story4.html | publisher = Silicon Valley / San Jose Business Journal | work = Print Edition | date = 2006-05-26 | accessdate = 2007-12-26 | quote = "I'd spend the first half of every conversation saying 'no,'" said Mr. Nafeh, chairman of the San Mateo company. "I had to come up with the term 'hedgelet,' so I could explain what it was, instead of what it wasn't."
In 2007, UK-based IG Group announced intent to acquire HedgeStreet{{cite news | author-link = Regulatory News Service | author = Regulatory News Service | title = IG Group Hldgs plc - Acquisition | url = http://www.hemscott.com/companies/company-news-item.do?companyId=4985&newsId=53878217548693 | work = Hemscott.com | publisher = Ipreo | date = 2007-11-19 | accessdate = 2007-12-26 | quote = IG Group Holdings plc ('IG' or 'the Group') agreed on Friday 16th November to purchase the entire issued share capital of HedgeStreet Inc ('HedgeStreet') for $6.0m, approximately £2.9m. | author-link = Regulatory News Service | author = Regulatory News Service | title = IG Group Hldgs plc - Acquisition Update | url = http://www.hemscott.com/news/rna/item.do?newsId=56416542973120 | work = Hemscott.com | publisher = Ipreo | date = 2007-12-07 | accessdate = 2007-12-26
In December 2021, Singapore-based Crypto.com announced their intent to acquire Nadex and the Small Exchange from IG Group. In March 2022, Crypto.com completed the purchase.
References
References
- "Nadex binary options".
- Steven Smith. (2004-11-25). "Hedging for Small Investors". [[TheStreet.com]].
- (2021-12-01). "Crypto.com Agrees to Acquire Nadex and the Small Exchange from IG Group".
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