.nadex

Status:	Proposed
Type:	Brand TLD
More information:

.nadex is a Brand TLD being proposed in ICANN's New gTLD Program. The applicant is IG Group Holdings PLC.

Application Details

The following is excerpted from the TLD applicant's response to question #18:

"The .nadex gTLD will create a new generation gTLD serving the interests of end users by providing an authoritative Internet space where information, services and resources of the Nadex brand, its affiliates and partners that are associated with the brand will be closely controlled by IG Group Holdings plc. (IG Group). The majority of the anticipated domain name registrations in the .nadex gTLD will be used in the promotion and communication of the Nadex brand and exchange. A subset of domain names has the potential to be created and used for communication and marketing purposes, with internet users assured of brand authenticity.

IG Group was established in 1974, has its headquarters in London and operates globally with 14 global offices in several European countries, Japan, Singapore and Australia. IG Group is listed on the London Stock Exchange, is a member of the FTSE 250 and has a market capital value of £1.7 billion (as at October 2011). IG Group is a world-leading provider of financial derivatives. Nadex is fully backed and capitalized by IG Group, is subject to regulatory oversight by the US Commodity Futures Trading Commission (CFTC) and has launched a new and easy way to trade underlying markets such as economic events, spot forex, commodities or stock indices. Nadex is the only US exchange that allows individual retail traders to become a direct member and place orders directly on the exchange using Nadex’ direct market access trading platform. In the year to May 2011, IG Group achieved a turnover of £320.4 million, and generated a record adjusted profit before tax of £163.0 million. The .nadex gTLD will increase customers’ trust in trading exchanges listed on Nadex. The .nadex gTLD will allow IG Group to provide resources and potential services to online customers in a secure, interactive and authoritative internet space.

New investment opportunities are increasingly offered over the internet, presenting customers with a wider choice of easy accessible investment products. As a result, both businesses and end users benefit from ease of interaction and a wider range of choices with lower transaction costs. However, the development in this arena in the current domain name system has exposed consumers to confusion in an often crowded and bewildering marketplace and has exposed both businesses and consumers to increased criminal activities over the internet, including data breach, hacking and phishing. These sophisticated criminal activities cause reputational damage to businesses as internet users lose consumer confidence and trust with the businesses targeted by such criminal activities. The .nadex gTLD will facilitate greater trust and assurance from internet users, potentially offering financial services and reliable and relevant educational content in a secure online environment provided by IG Group, whilst still allowing convenient and efficient interaction.

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Only affiliate entities of IG Group will be eligible to register domain names in .nadex at this stage. The domain name registration processes will address the requirements mandated by ICANN, including rights abuse prevention measures."

Top-Level Domain