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March 31, 2015 1:41 AM ET

Diversified Financial Services

Company Overview of North American Derivatives Exchange, Inc.

Company Overview

North American Derivatives Exchange, Inc. operates as a derivatives exchange for retail traders to trade on the United States and international financial markets. The company offers protection from market spikes, opportunities in flat markets, short-term expirations, and regulated exchange solutions. It lists capped-risk derivatives contracts on various global financial markets; provides short-term bull spreads solutions; offers online binary options for participants in the United States, Canada, and Mexico; and allows traders to hedge against or speculate on price movements in the currency, commodity, events, and equity index markets. The company also provides various trading platforms, suc...

311 South Wacker Drive

Suite 2675

Chicago, IL 60606

United States

Founded in 2004

Phone:

312-884-0100

Fax:

312-884-0940

Key Executives for North American Derivatives Exchange, Inc.

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Director of Business Development
Head of Sales
Compensation as of Fiscal Year 2014.

North American Derivatives Exchange, Inc. Key Developments

The North American Derivatives Exchange Launches Powerful Trading Platform Nadex Pro

The North American Derivatives Exchange announced the release of Nadex Pro, an advanced trading platform designed to meet the specific demands for a user-friendly and fast trading application. Nadex Pro offers traders a single window view of all quotes, charts and order tickets, which can be customized to see the data and functions most relevant to each trader. Users can also monitor key markets with watch lists and visualize data in a new graphical interface. Additional benefits of trading with Nadex Pro include: Quick Trader window provides easy access to trading, charting and real-time data in one view. Advanced order entry window allows traders to view and work orders in relation to the order book. Screener window lets traders easily spot trade opportunities as markets get close to expiration. Flexible screen layout lets traders float order entry, charts or quote windows.

The North American Derivatives Exchange Appoints Donald L. Horwitz as General Counsel and Chief Regulatory Officer

The North American Derivatives Exchange announced the appointment of Donald L. Horwitz as General Counsel and Chief Regulatory Officer. In his new role, Mr. Horwitz is responsible for providing counsel and guidance on all regulatory and legal matters within the exchange. Based in Chicago, Mr. Horwitz will join as a member of the senior management team reporting to Timothy McDermott, who is transitioning from his role to assume full responsibility as company's CEO. Mr. Horwitz joins the company from the Intellectual Property Exchange International, where he served as a Managing Director and General Counsel, focused on providing strategic advice on all legal, governance and regulatory matters. He has also worked as Managing Director, General Counsel and Chief Regulatory Officer at OneChicago, where he was utilized in a similar capacity. His previous financial experience includes holding various positions for the SEC, Merrill Lynch, BrokerTec Futures Exchange, The Options Clearing Corporation and ABN Amro. Mr. Horwitz brings a wealth of experience in legal counsel to exchanges. Prior to joining the company, he spent more than 35 years providing legal counsel, litigation support, and regulatory supervision to the futures, derivatives, and securities industries, as well as top-tier global financial institutions.

The North American Derivatives Exchange Announces Executive Changes

The North American Derivatives Exchange (NADEX) announced the selection of Tim McDermott, a senior member of the current management team, as the new CEO. Tim McDermott has been with Nadex for almost six years working alongside the current CEO, Yossi Beinart, as Nadex's General Counsel and Chief Regulatory Officer. After successfully leading Nadex for six years, Mr. Beinart will be leaving Nadex at the end of this month to become the CEO of the Tel Aviv Stock Exchange. John Austin, one of Nadex's current directors, will be acting as interim CEO while the company recruits McDermott's own replacement as General Counsel and Chief Regulatory Officer. Mr. Austin sits on the board of Nadex and previously spent eighteen months in Chicago as CEO of IG US Holdings.

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