I do want to mention one thing here because Im pretty sure and typically, the first time people see this, its thoroughly confusing. Weve got quite a bit information on the website. You can go to nadex. You have a two-week demo trial, which you can find at Nadex. Im happy to extend that and what we do is if somebody has a live account open, a live account and funds it, Ill extend that demo for a year as long as I can and another year after that if they still You dont have to be trading live with Nadex. Thats the part that I want to stress. I made it earlier, I want to make sure everybodys familiar and comfortable before ever placing a live trade. If you need more time in the demo to do that, more than happy, I would actually encourage you to do that. Basically, to fund an account its 100. Its a very low barrier to entry.Again, its one of those things where I encourage people. This is not right for everybody. Trading alone is not right for everybody. Id much rather have somebody come in and work on a demo account for a couple months and at the end of the couple months go, You know what, this just doesnt seem for me. I want my money back. Im not going to place a trade. Thats fine. I would much rather have that because it doesnt do anybody any good. It doesnt do Nadex any good. It doesnt do the trader any good to come in, jump into a live account right away, put in whatever you put in, place one trade and blow up. Thats no good for anybody.The way we keep our lights on is through exchange fees. We dont make the markets. We dont take the other side of the trades so we dont get the bid-offer spread. For me, its valuable and one of the reasons really like working with Travis, everybody at OptionsANIMAL is really because we have the same focus on that. We want people to learn the markets and approach them in a sensible manner because thats good just for the industry in general. Its good for Travis and his group. Its good for the traders. With Nadex contracts, its good for us as an exchange.Folks, heres the thing. Obviously, as I said at the beginning of the webinar, one thing that we pride ourselves in here at OptionsANIMAL is a comprehensive approach to the markets. We certainly specialize in the stock market and options, on individual equities as well as various 00:57:34 indices, but again, its that comprehensive approach. Where I see a work that Dan and I both take center to here 00:57:43 with Nadex is one thing that I was doing before my time here with OptionsANIMAL, and some of you folks know me from Trade Monsters so on and so forth, floor trading and when I was working with a managing money with an investment bank on the institutional side is we were very big in using binary options for a number of reasons.It wasnt more or less, and Ive seen folks go around in chat room here gambling this and that, were reducing it as an alternative. It was an alternative to help us hedge risk with what we were doing both in the stock market as well as the option market. I guess my question for you, Dan, here, and Im trying to again consolidate, is what is the value proposition you see with binaries for the retail trader Again, focusing and keying in on that ability to hedge risk and what differentiates binaries from your equity option One thing that we valued on the institutional desk with binaries was the shorter timeframe that we were afforded with binaries versus standard equity options. I guess Im curious what your thought is on that.Dan: You really just hit it. The short-term nature is actually really a lot of what provides the value of these options, whether it be if youre looking for a short-term hedge, something, maybe youve got an oil inventory report coming out and youve got some exposure there. The short-term nature of this allows you to do that in a very compact nature as well as if your running strategy is where youre a more speculative nature, you can do that at a basically what Ill call a retail level. You dont have to put 50,000 in an account to take both sides of the market.You can see basically how these move. Whether your exposures short-term or whether youre making a short-term speculative play in the market, thats really one of the big values. Additionally, you can trade from inaudible 00:59:51 from a wide array of different underlying markets. Maybe theres been a market that you want to get into. It never fails when we look at volume reports, you can kind of tell whats going on by the news. If oils hitting new highs, you can see a lot of volume pumped into oil.There are markets that people maybe want to get into and every market is a little bit different. Even if the contracts are very similar in nature, every market moves differently. This is a great way to start out learning those markets for anybody that maybe isnt maybe somebodys been trading SampP all their life and they go, You know, Ive looked at the currencies. Ive just never taken that step. Its a good way to start and really get a good feeling on the markets.Travis: Right, right. I think youre spot on there and, obviously, you guys and by you guys I mean Nadex have established yourselves as one of the preeminent, if not the preeminent exchange for binary options over the course of the past three years here. Again, some of those questions that were coming up during the webinar were what differentiates you from some of the negative connotations that have surrounded binary options in the past Binaries being a scam. This broker being a scam. We heard binary options used when were talking about Cyprus a month or two ago.My understanding is what differentiates Nadex from others, and I think this is key is that again you hear that all or nothing term thrown around, and a lot of the other binary option brokers out there, it is an all or nothing and you cant trade in and out of the binaries during the lifespan of that option. Thats something you can do at Nadex. You can trade in and out as well 01:01:42. Yes, its still an all or nothing theory, you can trade these products.Dan: Exactly, and I think youd mentioned just a moment ago, kind of the gambling, some people have that perception. A lot of that is because of the other shops, which over the past three, four years have kind of blown up.