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Nadex's Dan Cook (Director of Business Development) - Ask Me Anything (AMA)


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Nadex's Dan Cook (Director of Business Development) - Ask Me Anything (AMA)

  #21 (permalink)
 
Nadex's Avatar
 Nadex 
Chicago
 
Experience: Advanced
Platform: Nadex
Trading: Binary Options
Posts: 9 since Apr 2019
Thanks Given: 3
Thanks Received: 18


semiopen View Post
Hi Dan,

I have signed on to Nadex on Sunday nights and noticed that Nadex US Equity Indexes are not open even though the US futures market is.

I haven't noticed an explanation on the Nadex site. I have figured that if a user is incapable of finding the information that is a sign that they shouldn't be thinking of trading them.

What is the story with that?

Great question and apologies for my slow response, things have been a bit crazy, for all of us I am sure.

With regard to a Sunday night open, and not having indices, that was more of a function of not having liquidity providers available or eager to price short-term contracts on what can traditionally be pretty thin times. That said, that was a legacy issue.
I have spoken with our market makers, and we do have some willingness to open up on Sunday evenings either with futures, or soon there after. We (Nadex) launched the Sunday night indices in Demo two weeks ago to test it out. Unfortunately, since we have been limit down in 16 mins and 4 mins after the open the past two weeks, we haven't been able to really gauge this yet. I would expect another couple of weeks in demo with a plan to go into live trading around mid-April.

Hopefully this is good news for you and for many others that have been requesting a Sunday night futures open at Nadex.

Dan Cook
Nadex Director of Business Development

DISCLAIMER: Trading on Nadex involves financial risk and may not be appropriate for all investors.
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  #22 (permalink)
 
Nadex's Avatar
 Nadex 
Chicago
 
Experience: Advanced
Platform: Nadex
Trading: Binary Options
Posts: 9 since Apr 2019
Thanks Given: 3
Thanks Received: 18


trader324 View Post
Hey Dan hope all is well. I've been a trader on Nadex for a good amount of years. I've noticed the new platform is available. Some features that were available on the old platform are not available on the new. Are additions still ongoing or is the new platform finalized. I would love to see the ability to open multiple charts. That really is a necessity when trading multiple markets. Also how much longer will the old platform be available for use.

Thanks Dan much appreciated.

Hi Trader324,

I hope you are doing well and staying safe and healthy during these crazy times.

With regard to the new platform, we are still working on loads of improvements. There are still quite a few missing elements such as the "pop-out'/ multiple chart options you mentioned as well as several other items. Another one that has been requested is the tear off ticket which should be released in the next few weeks. In short, we have a very full pipeline of developments we are working on. One thing, from a priority perspective, and a development perspective, everything is being driven by demand from our members. With that, on the left hand side of the platform, there is a feedback button. If there is anything you would like to see added or other improvements we can make, please submit it as feedback. We take it very seriously and myself and a team here review it on a weekly basis. This is the main driver of not only all future improvements, but also the order in which we try to prioritize them.

Thank you again and please let us know how we can continue to improve.
Dan

Dan Cook
Nadex Director of Business Development

DISCLAIMER: Trading on Nadex involves financial risk and may not be appropriate for all investors.
Thanked by:

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Last Updated on March 27, 2020


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