HedgeStreet, the online financial market where traders can hedge or speculate on economic outcomes, has unveiled a new version of its signature software, which allow traders to hedge against or speculate on economic events and short-term fluctuations in various markets.
The new Binary Options Hedgelets consist of one contract that can be either bought or sold short, allowing traders to profit from short-term fluctuations in market movements and economic events and are priced between $0 – $10, instead of just offering separate Yes and No contracts. They are defined by the price of the underlying asset, the strike price agreed upon by the buyer and seller, the expiration date of the contract and the payoff.
The products are meant to allow investors to profit from rising or falling prices and economic values while limiting their risk exposure to extreme changes. The values are bounded by a cap (high value) or a floor (low value) over which the payoff will vary. The amount that can be won or lost on a Futures Hedgelet is determined by the movement of the market, but cannot exceed $50.00.
“HedgeStreet’s new site achieves two primary goals: ease of use and faster access to trading resources and account information,” said John Nafeh, founder and chairman of HedgeStreet. “Listening and responding to user feedback and continually providing our traders with an economical, easy to use means to trade products that matter to them remain our top priorities.”