You're either missing or purposely ignoring my point on a bunch of levels. Let's just take one because it's so clear and obvious that even you can't obfuscate it. CBOE trades a binary option on VIX (http://www.cboe.com/products/stock-...options/vix-binary-options/bvz-specifications). You know, binary options, the kind only gambling sites have, no connection or value to the open market, societal value, blah blah blah.... And until a few months ago they had a binary option on the S&P 500 that was nearly identical to Nadex. NYSE has binary return derivatives (BYRDs) on all the same indexes as Nadex and a bunch of individual stocks. (https://www.nyse.com/products/options/binary-return-derivatives-byrds). You could go to one of a half dozen investment banks and order an OTC binary or any other type of exotic option (exotic option has a real meaning you might want to look up). Does that make CBOE, NYSE, and every major investment bank a "bucket shop" or a "betting website"? You have much to learn my friend.
This thread was started about 20 and 5 minute binaries. Do any of the named exchanges list these? Short term binaries like these are pure gambling products, they serve no other use. And these short term binaries are what make up most of the volume and profit for the Bucket Shops that offer them
They're traded in the open market. Your Nadex does not. There's no overcoming this point. Continue trading in your Nadex bubble. I ain't stopping yall.
I go back to my initial assessment of you, you're an idiot! Nadex is an "open market" regulated by the CFTC the same as CBOE and NYSE options. There is no difference between them except the one you've constructed in your head that one is "real" and one isn't. Clearly that concept is beyond you, so I'll stop making you look foolish and leave that task to you.
Nadex is not traded on the open market. Provide link or stfu. There may be a day...when I open up my IB account and see Nadex options listed for trading...but right now that is not the case. Nadex options are not traded in the open market. If you want to trade real money on a simulation via fake trades with Nadex...that's your call. Don't sit here and spew stupid shit. If it quacks like a duck..it's a duck.
Nadex is not a publicly listed company. They are subsidiary of a UK Bucket shop/spread bet firm, IG . UK Bucket shop share prices (IG,CMC etc) have all been collapsing recently while the rest of the finance sector has been soaring to new highs.
Maybe SIg works for them...why else would he defend them so strongly? I could see him saying, hey I have been using them for a long time with no issues so you just have to do your own research, but he is fighting against any negative implication against them. Hmmm
If they did list them would your constantly shifting argument shift to red herring number 14? I've no doubt Nadex listed 5 and 20 minute binaries to appeal to punters. That in no way makes any of the other 13 assertions you've made valid or even this one. Just because you don't see a non-gambling use for these options doesn't mean there isn't one, and just because Nadex put out products they knew were attractive to punters doesn't make the entire exchange in any way invalid or a "bucket shop" in a way that would have an impact on any serious trader using it. I wish Nadex was more serious about being a serious exchange. I listed as one of my complaints early in the thread that their position limits, which were clearly set with punters in mind, restrict them from serious use by anyone beyond a small part of an individual's portfolio. I've been very open and honest in listing all their shortcomings know of. In fact of the two of us I'm the only one that I'm aware of that lodged a CFTC complaint against them and actually took matters up with them about those shortcomings instead of simply throwing stones from behind an anonymous account here. If you know of anything they're doing that is actually illegal, then at the very least you should feel obligated to do the same. If you just have this gnawing, all-consuming feeling that the company is morally wrong in some way you have yet to be able to clearly articulate, please, stay far away from them. But for your own good, stop with the never unending stream of red herrings!
Did you read the thread? I've lodged at CFTC complaint against them and had very uncomfortable conversations with their senior leadership, I'm pretty sure I'm the last person they'd hire to represent them (This is repeating what I've already said because reading the thread seems to be too much for you). I've got a large number of posts here, of which only a couple before this thread dealt with them. I use the exchange, I benefit from volume, and it's to my detriment when people spread false information about it. At this point it's just entertaining to see these guys flailing around digging a deeper and deeper hole for themselves, so I'm supplying shovels. Is there anything specific I said that was incorrect, or are you just casting general aspersions?
Red herring number 15. These are getting weaker and weaker you know! What's next, the Queen said she very much dislikes GAIN?