DISCLOSURE AND CONSENT

REGARDING REFERRAL RELATIONSHIP


North American Derivatives Exchange, Inc. ("Nadex") from time to time may have in place arrangements that provide a one-time referral fee to certain parties in connection with referrals of individuals or entities that become members and trade on Nadex. This referral fee is not based on the referred member's ongoing trading activity or the revenue that Nadex receives in connection with that activity. You acknowledge that Nadex has such a relationship with Benzinga ("Referring Firm") in connection with its referral of you to Nadex, and you consent to Nadex's disclosure to Referring Firm of information confirming your referral to Nadex and that you have become a Trading member and traded on Nadex. The disclosure to Referring Firm may include your name and the date of your first trade on Nadex. Except as set forth herein, Nadex will treat your information in accordance with Nadex's Privacy Policy and Referring Firm is obligated to treat the information it receives in this regard as confidential.

In proceeding to become a member of Nadex, it is important that you understand that:


  • As a Nadex Member, you will be subject to all of Nadex's rules and other policies;
  • You will be solely responsible for all determinations regarding the suitability, potential profitability, risk and appropriateness for you of any order, Nadex contract, trading strategy or other matter in connection with any Nadex trading in your account;
  • Nadex has not undertaken nor will undertake an independent evaluation of whether futures or options trading on Nadex or each transaction that you enter on Nadex is appropriate for you;
  •  Referring Firm is not Nadex's agent, employee or affiliate and Referring Firm has no authority to bind Nadex in any way, or to enter into any agreement, arrangement or contract on Nadex's behalf;
  • Referring Firm has not held itself out as an agent or affiliate of Nadex;
  • You are solely responsible for completing the Nadex Membership Application; and
  • You are solely responsible for any and all orders and other instructions submitted for your Nadex account and neither Referring Firm nor any other person or entity controls the trading in your Nadex account.



BY CLICKING "I AGREE" YOU HEREBY AGREE TO THE REFERRAL RELATIONSHIP BETWEEN NADEX AND REFERRING FIRM IN CONNECTION WITH YOUR ACCOUNT AND YOU EXPRESSLY ACKNOWLEDGE THAT YOU HAVE RECEIVED, READ AND UNDERSTOOD ALL TERMS AND DISCLOSURES HEREIN. If you click "I DISAGREE" you will return to the referrer's website.

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