Hedgestreet has moved to exploit the increased scrutiny of monthly US federal employment figures by modifying its Non-Farm Payroll (NFP) contracts to increase the range of trading options for its members.
New binary options contracts feature strike increments of $20,000, reduced from $50,000 and a moderately extended contract range, both of which are expected to provide customers with increased liquidity and new trading opportunities. The duration of these contracts will remain monthly.
“The significance of the monthly federal employment figures has steadily increased to the point where an unexpected figure can result in an extreme spike in volatility in the markets, as it did on June 2nd,”says Dr. Robert Dubil, HedgeStreet’s Chief Economist. “The NFP numbers have achieved a relevance that necessitates a flexible derivative product that allows for traders to take any number of positions.”
HedgeStreet caters to the active trader, and aims to offer financial instruments in low, $10 increments so as to minimize the risk while allowing for potential profit opportunities. In addition to Non-Farm Payrolls contracts, HedgeStreet offers a number of other binary options and capped futures in commodities (crude oil and gasoline), real estate home prices, precious metals (gold, silver and copper) and currencies, as well as in new asset classes such as CPI and the Fed Funds Rate.