San Mateo, California, United States
Location
San Mateo, California, United States
Region
Americas
Product Types
Energy, Industrial Metals
HedgeStreet Exchange was a CFTC-regulated US derivatives exchange founded in 2004, offering small-denomination binary contracts (starting at $10) on economic events including crude oil prices, gold, natural gas, and macroeconomic indicators. Designed to democratise derivatives access for retail traders, HedgeStreet was one of the first exchanges to offer CFTC-regulated retail binary options on commodity prices. In 2008, the exchange was acquired and eventually rebranded as Cantor Exchange (part of Cantor Fitzgerald), which subsequently ceased operations.
Nodal Exchange is the world's largest power futures exchange by number of listed contracts, offering US electricity futures for over 1,000 delivery points across all major North American power grids. Founded in 2009 and headquartered in McLean, Virginia, Nodal also offers natural gas and environmental credit contracts. Acquired by EEX Group (a subsidiary of Deutsche Börse) in 2021, Nodal provides critical risk management tools for electricity generators, utilities, and energy traders across the US National Electricity Markets.
Nadex (North American Derivatives Exchange) is a CFTC-regulated exchange specialising in binary options and knock-outs contracts for US retail traders. Originally founded as HedgeStreet in 2004 and acquired by UK-listed IG Group in 2007, it was rebranded as Nadex in 2009. Nadex offers short-term binary option and spread contracts on forex pairs, equity indices, commodity markets (crude oil, gold, natural gas), and economic events. It serves as a retail-accessible venue for limited-risk derivatives trading.
The Minneapolis Grain Exchange (MGEX), founded in 1881, is the United States' primary futures market for Hard Red Spring Wheat (HRSWW) — the high-protein wheat used in premium breads and noodles. MGEX also provides agricultural cash commodity trading and clearing services. Acquired by Miami International Holdings (MIAX) in 2020, MGEX continues to serve as an essential price-discovery and risk management platform for Spring Wheat, a crop critical to North American and global food production.
The Chicago Board of Trade (CBOT) is one of the world's oldest futures and options exchanges, established in 1848 in Chicago, Illinois. Originally founded to address supply and demand challenges in the grain industry, CBOT grew to offer contracts across agricultural commodities, CBOT U.S. Treasury bonds, equity indexes, and metals. CME Group merged with CBOT in 2007, making it one of four Designated Contract Markets within the CME Group family.