It seems Nadex ( a CFTC regulated "exchange" offering Spread trading and binary options) has now started accepting Australian clients!
Had few questions and wondering if any other on Forum can help
1) It has a word Exchange in it's name but not sure it is really a true Exchange? or just in name reason for this question = The market maker seems to be it's owner! so conflict of interest?
It sounds like any major FCM in US starts calling itself a "Exchange" by matching buyers and sellers!
2) The Spread product can be constructed using true exchange traded Vanila options so why use Nadex? only for it's short expiry!
On the subject of Australian clients by US brokerage few more questions
- IB has made it more and more difficult for Australian? why? can;t they sort out the issues with ASIC IB is so big I am sure they can get a full ASIC licence in no time
- "Think or Swim" another popular broker still does not accept Australian client! why again!