CHICAGO, September 7, 2012 /PRNewswire/ --
The North American Derivatives Exchange (Nadex) - the first and only fully regulated retail-focused futures exchange in the United States - announced today that it will once again be 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.
Nadex will be sponsoring an afternoon conference session titled "Economic Outlook, Macro & Local" presented by David Opedahl from the Federal Reserve in Chicago. Mr. Oppedahl is a business economist in the economic research department at the Federal Reserve Bank of Chicago. Oppedahl conducts research on the agricultural sector and rural development as well as conducting microeconomic research. He directs the Chicago Federal Reserve District's survey of agricultural banks on agricultural land values and credit conditions and publishes the results in AgLetter-the Chicago Fed's quarterly agricultural publication. In addition to his research, he regularly briefs the Chicago Fed's president on the agricultural economy.
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, commented "We are very excited about the opportunity to once again co-sponsor the NIBA Conference. NIBA has a long history of supporting industry organizations from both a regulatory and an educational perspective. In what has proven to be an exceptionally difficult year for the futures industry, NIBA has worked tirelessly on the front lines, proving their dedication to and support of all of their members. We are very glad to be a part of this effort and to offer support for our industry partners."
About NADEX
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 with low collateral requirements and capped risk.
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.
To learn more about Nadex, please visit http://www.nadex.com. For information on becoming a Nadex member, call +1-877-776-2339 or e-mail Dan.Cook@nadex.com.
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