Nadex Notices - 2015

Nadex service and product changes

Please use this page to stay up-to-date with any changes to our products and services.

Note: On June 21, 2009, Nadex became the new name for HedgeStreet. For Notices issued before June 21, 2009, please see HedgeStreet Notices in the 2009 archive.

Notice 600.012615

 

Nadex Relists All USD/CHF Binary Contracts, Refrains from Listing USD/CHF Spread Contracts

 

On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. As of January 26, 2015, Nadex has returned to its regular listing schedule for all USD/CHF Binary contracts. Nadex has refrained from listing its USD/CHF Variable Payout contracts. Nadex plans to return to its regular listing for all Binary and Variable Payout contracts for January 27, 2015.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 599.012315

 

Nadex Amends Maximum Bid/Ask Spread in Currency Settlement

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted to the Commission its intent to widen the maximum acceptable spread between the underlying currency market’s bid and ask prices, which Nadex obtains to determine the 10 midpoint prices included in the data set used to calculate the contracts’ final expiration value. Currently the maximum acceptable spread is five pips wide, with the exception of the GBP/JPY and AUD/JPY contracts which have a 10 pip maximum spread. This submission would amend all acceptable bid/ask spreads to a 10 pip maximum. Nadex plans to implement these changes on February 9, 2015.

 

Click the following link to view the submission.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 598.012315

 

Nadex Refrains from Listing Certain 5-Minute Intraday Currency Binary Contracts and Widens Maximum Acceptable Bid/Ask Spread

 

In accordance with the authority granted in Nadex Rules 12.27(f)(iv)(5), 12.29(f)(iv)(5), 12.31(f)(iv)(5), and 12.37(f)(iv)(5), due to the possibility of a duplicate strike level conflict, no Intraday 5-Minute Currency Binary contract which would expire on the hour will be listed for the week of January 26, 2015. Therefore, the next expiration to follow the 9:55am expiration would be 10:05am. Likewise, the next expiration to follow the 10:55am expiration would be 11:05am, and so forth.

 

Additionally, all USD/CHF contracts listed during the week of January 26, 2015 will be settled using a 10 pip wide (rather than a 5 pip wide) maximum bid/ask spread to determine the 10 midpoints used in the expiration value calculation.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 597.012315

 

Nadex Lists USD/CHF Daily and 2-Hour Intraday Binary Contracts

 

On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. Nadex has relisted its USD/CHF 2-Hour Intraday Binary contracts with expirations hourly from 10:00am ET through 3:00pm ET for trade date January 23, 2015. Additionally, on January 22, 2015 Nadex listed its USD/CHF Daily contracts with expirations at 11:00am and 3:00pm ET on January 23, 2015. Weekly Binary and Variable Payout contracts will remain temporarily unlisted at this time. All listed USD/CHF contracts will be settled using a 10 pip wide (rather than a 5 pip wide) maximum bid/ask spread to determine the 10 midpoints used in the expiration value calculation. Nadex plans to return to its normal listing schedule for all USD/CHF contracts on Monday, January 26, 2015.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 596.012215

 

Nadex Lists USD/CHF Daily and 2-Hour Intraday Binary Contracts

 

On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. Nadex has relisted its USD/CHF 2-Hour Intraday Binary contracts with expirations hourly from 11:00am ET through 3:00pm ET for trade date January 22, 2015. Additionally, Nadex has listed the USD/CHF Daily contract which will expire at 11:00am on January 23, 2015. Nadex will also be listing the USD/CHF Daily contract which will expire at 3:00pm ET on January 23, 2015. Weekly Binary and Variable Payout contracts will remain temporarily unlisted at this time. All listed USD/CHF contracts will be settled using a 10 pip wide (rather than a 5 pip wide) maximum bid/ask spread to determine the 10 midpoints used in the expiration value calculation.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 595.012115

 

Nadex Lists USD/CHF 2-Hour Intraday Binary Contracts

 

On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. Nadex has relisted its USD/CHF 2-Hour Intraday Binary contracts with expirations hourly from 11:00am ET through 3:00pm ET for trade date January 21, 2015. Daily and Weekly Binary contracts, as well as all Variable Payout contracts, will remain temporarily unlisted at this time. All USD/CHF Intraday contracts listed on this date will be settled using a 10 pip wide (rather than a 5 pip wide) maximum bid/ask spread to determine the 10 midpoints used in the expiration value calculation.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 594.012015

 

Nadex Temporarily Widens Maximum Acceptable Bid/Ask Spread Used in Settlement Process

 

Due to the Swiss National Bank’s decision to remove the peg on the Swiss Franc which led to extreme market conditions and a wider than usual bid/ask spread in certain currencies, Nadex widened the maximum acceptable spread between the bid and ask prices in the underlying market that it collects to determine the 10 midpoints used in the settlement calculation process from 5 pips wide to 10 pips in the USD/CHF 2-Hour Intraday Binary contracts which were listed on January 20, 2015, with hourly expirations from 11:00am ET through 3:00pm ET.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 593.012015

 

Nadex Relists USD/CHF 2-Hour Intraday Binary Contracts

 

On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. Nadex has relisted its USD/CHF 2-Hour Intraday Binary contracts with expirations hourly from 11:00am ET through 3:00pm ET for trade date January 20, 2015. Daily and Weekly Binary contracts, as well as all Variable Payout contracts, will remain temporarily unlisted at this time.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 592.011615

 

Nadex Adds Discretionary Strike Levels for the Week of January 12, 2015 and Widens Maximum Acceptable Bid/Ask Spread Used in Settlement Process

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(d)(2)(iv), and by the authority granted by Nadex Rules in 12.5, 12.20, 12.51, 12.59, 12.61, 12.63, 12.65 due to volatility in the underlying markets upon which the Nadex contracts are based, Nadex added additional strike levels on a discretionary basis in its Daily Wall Street 30, US Tech 100, US 500, and US SmallCap 2000, Germany 30, and Tera Bitcoin Price Index Binary Contracts on January 13, 2015. On January 14, 2015, Nadex added additional strikes due to volatility in the underlying markets in its Daily US Tech 100, US 500, US SmallCap 2000, and Wall Street 30 binary contracts. Finally, on January 15, 2015, due to volatility in the underlying markets Nadex added discretionary strikes in its Daily US Tech 100, US SmallCap 2000, Gold, and Tera Bitcoin Price Index Binary contracts. Nadex returned to its regular listing schedule for all contracts on January 16, 2015.

 

Additionally, due to the Swiss National Bank’s decision to remove the peg on the Swiss Franc which led to extreme market conditions and a wider than usual bid/ask spread in certain currencies, Nadex widened the maximum acceptable spread between the bid and ask prices in the underlying market that it collects to determine the 10 midpoints used in the settlement calculation process from 5 pips wide to 10 pips in the Daily USD/CHF contracts which expired at 11:00pm and 7:00am ET, and all GBP/USD contracts beginning with the 5-Minute Intraday expiration at 6:40pm ET on trade date January 16, 2015. Additionally, the maximum acceptable bid/ask spread for the Daily USD/CHF contract that expired at 7:00pm ET was widened from 5 pips to 15 pips.

 

Click the following link to view the submission.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 591.011615

 

Nadex Refrains from Listing 5-Minute Intraday Currency Binary Contracts Which Would Expire on the Hour

 

In accordance with the authority granted in Nadex Rules 12.27(f)(iv)(5), 12.29(f)(iv)(5), 12.31(f)(iv)(5), and 12.37(f)(iv)(5), due to the possibility of a duplicate strike level conflict, no Intraday 5-Minute Currency Binary contract which would expire on the hour will be listed for the week of January 20, 2015 (the Exchange will be closed on January 19, 2015 for the Martin Luther King Jr. holiday). Therefore, the next expiration to follow the 9:55am expiration would be 10:05am. Likewise, the next expiration to follow the 10:55am expiration would be 11:05am, and so forth.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 590.011615

 

Nadex Privacy Policy and Tax Information

 

Please be advised that Forms 1099-B will be mailed no later than February 16, 2015. These documents will be sent to the mailing address on file for the Member’s account. A Member that uses a mailing address that differs from that which is displayed on the Nadex platform should contact Customer Service to have this information added to the account. Note that if a Member did not have trading activity in 2014, that Member will not be issued a 1099-B. Click here to view the Frequently Asked Questions regarding Form 1099-B information.

 

Members should also take a moment to review their account information and make any necessary updates to changed addresses, phone numbers, or email addresses.

 

Finally, Nadex would like to remind its Members that Nadex is a regulated contract market and is committed to the highest standards of ethics and conduct, and compliance with all applicable laws, rules, and regulations that govern its business. The privacy of Member information is important to Nadex, and all Members are encouraged read the Nadex Privacy Policy. In addition, all Nadex Members should remain familiar with the Nadex Rules, Membership Agreement, and Terms of Use which are available on the Nadex website.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 589.011515

 

Nadex Refrains From Listing USD/CHF Contracts

 

Nadex has submitted to the Commission on January 15, 2015 an emergency notice pursuant to Commission Rule 40.6(a), that due to the Swiss National Bank’s decision to remove the peg on the Swiss Franc, causing major fluctuations in the value of the Franc, Nadex has decided to exercise its authority under Rule 2.4 to implement an emergency action to temporarily halt the listing of any new contracts in the USD/CHF Binary and Spread contracts, as the Bank’s decision has a direct impact on trading the Nadex USD/CHF contracts, and may materially affect the performance of those contracts. Any contracts will are currently listed will remain open until their regular close times. A table which sets forth the remaining contracts and their close times is available by clicking this link.

 

Additionally, contracts which expired at 7:00am ET on trade date January 15, 2015 (daily binary, 8-Hr spread, and 2-Hr intraday spread contracts) were settled using the midpoint between the bid and ask price in the underlying spot USD/CHF currency rate at 10 pips wide or less, rather than the usual 5 pip wide spread as set forth in Rules 12.34 and 12.35. The maximum pip spread used in the settlement calculation of any contracts that remain open will be increased to 10 pips if those contracts are not able to be settled using a 5 pip wide bid/ask spread.

 

Contracts in the USD/CHF currency pair binary and spread contracts will not be relisted prior to trade date January 16, 2015. Nadex will continue to monitor market conditions to determine when these contracts will be relisted. Nadex will post a notice on its website at such time it resumes the listing of its USD/CHF contracts.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 588.011415

Nadex Product Schedule for the Martin Luther King, Jr. Holiday on Monday, January 19, 2015

 

Nadex will be closed for the Martin Luther King, Jr. Holiday on Monday, January 19, 2015. The Exchange will observe regular exchange hours for trade date Tuesday, January 20, 2015. Please refer to the Holiday Product Schedule Guidelines for specific product trading hours.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 587.011215

 

Nadex Adds Discretionary Strike Levels for the Week of January 5, 2015

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(d)(2)(iv), and by the authority granted by Nadex Rules in 12.51, 12.59, 12.61, 12.63, 12.65 Nadex has added additional strike levels on a discretionary basis in its Daily Wall Street 30, US Tech 100, and Germany 30 Binary Contracts on January 5, 2015. On January 6, 2015, Nadex added additional strikes due to volatility in the underlying markets in its Daily US Tech 100, US 500, US SmallCap 2000, and Wall Street 30 binary contracts. On January 8, 2015, due to volatility in the underlying markets Nadex added discretionary strikes in its Daily US Tech 100, Wall Street 30, US 500, US SmallCap 2000, Germany 30 binary contracts. Finally, due to volatility in the underlying markets, Nadex added discretionary strikes in its Daily US Tech 100, US 500, US SmallCap 2000, Wall Street 30, and Germany 30 binary contracts. Nadex returned to its regular listing schedule for all contracts on January 12, 2015.

 

Click the following link to view the submission.

 

Should you have any questions or require further information, please contact the Compliance Department.

NOTICE 586.010915

 

In accordance with the authority granted in Nadex Rules 12.27(f)(iv)(5), 12.29(f)(iv)(5), 12.31(f)(iv)(5), and 12.37(f)(iv)(5), due to the possibility of a duplicate strike level conflict, no Intraday 5-Minute Currency Binary contract which would expire on the hour will be listed for the week of January 12, 2015. Therefore, the next expiration to follow the 9:55am expiration would be 10:05am. Likewise, the next expiration to follow the 10:55am expiration would be 11:05am, and so forth.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 585.010715

Nadex Product Schedule for the Japan Holiday on Monday, January 12, 2015

 

Due to the Japan Holiday on Monday, January 12, 2015, the Japan 225 contracts will have a modified trading schedule. No Japan 225 contracts will be available for trading on January 12, 2015. Please refer to the Holiday Product Schedule Guidelines for specific product trading hours.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 584.010215

 

Nadex Adds Discretionary Strike Levels in its Daily US Tech 100 and US SmallCap 2000 Binary Contracts on January 2, 2015, Corrects a Typo in its Rulebook, and Resumes Listing its AUD/JPY Contracts

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(d)(2)(iv), and by the authority granted by Nadex Rules in 12.59 and 12.63 Nadex has added additional strike levels on a discretionary basis in its Daily US Tech 100 and US SmallCap 2000 Binary Contracts due to volatility in the underlying markets. Nadex plans to return to its regular listing schedule for these contracts on January 5, 2015.

 

Additionally, Nadex has corrected a typographical error in its Rule 12.35 (Currency Exchange USD/CHF Binary Contracts), section (f)(ii)(3) which mistakenly stated "USD/CAD" rather than "USD/CHF".

 

Finally, Nadex plans to resume the listing of its AUD/JPY Binary contracts for trade date January 5, 2015. Contracts will be listed at their regular times as indicated on the Nadex website.

 

Click the following link to view the submission.

 

Should you have any questions or require further information, please contact the Compliance Department.

Notice 583.010215

 

In accordance with the authority granted in Nadex Rules 12.27(f)(iv)(5), 12.29(f)(iv)(5), 12.31(f)(iv)(5), and 12.37(f)(iv)(5), due to the possibility of a duplicate strike level conflict, no Intraday 5-Minute Currency Binary contract which would expire on the hour will be listed for the week of January 5, 2015. Therefore, the next expiration to follow the 9:55am expiration would be 10:05am. Likewise, the next expiration to follow the 10:55am expiration would be 11:05am, and so forth.

 

Should you have any questions or require further information, please contact the Compliance Department.