Nadex Notices - 2016

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 716.020916

 

Nadex Halts Trading in its Bitcoin Contracts Due to Unavailability of Underlying Market

 

On February 9, 2016 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on that day it halted trading in its Weekly and Daily Bitcoin Binary contracts due to the unavailability of the underlying Tera® Bitcoin Price Index market upon which the Nadex Bitcoin contracts are based. No additional Daily Bitcoin contracts will be listed until further notice. Nadex plans to resume trading in the Weekly Bitcoin contracts when the Tera® Bitcoin Price Index becomes available.

 

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

 

Notice 715.020516

 

Nadex Adds Discretionary Strike Levels for the Week of February 1, 2016

 

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 12.20, 12.59, 12.61, 12.63, and 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 US SmallCap 2000, Wall Street 30, US 500, and US Tech 100 Binary contracts on February 2 and 3, 2016. Additionally, Nadex added discretionary strike levels in its Daily Bitcoin Binary contracts on February 4, 2016. Finally, Nadex added additional strike levels on a discretionary basis in its Daily US SmallCap 2000, Wall Street 30, US 500, US Tech 100, and Bitcoin Binary contracts on February 5, 2016. Nadex also narrowed the strike interval width in its Daily Bitcoin contacts from 1.5 to 1 on February 5, 2016. Nadex plans to return to its regular listing for all contracts on February 8, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 714.020316

 

Nadex Product Schedule for the China and Japan Holidays for the Week of February 8, 2016

 

The Exchange will open at its regular time on Sunday evening for trade date February 8, 2016.

 

Due to the China holidays on Monday, February 8, 2016 through Friday, February 12, 2016, no China 50 contracts will be available for trading for the entire week commencing February 8, 2016.

 

Due to the Japan holiday on February 11, 2016, no Japan 225 contracts will be listed for trade date February 11, 2016. Weekly Japan 225 contracts will settle at their regular time on trade date February 12, 2016..

 

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 713.012916

 

Nadex Adds Discretionary Strike Levels for the Week of January 25, 2016

 

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 12.20, 12.59, 12.61, 12.63, and 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 US SmallCap 2000, Wall Street 30, and US Tech 100 Binary contracts on January 26, 2016. Additionally, Nadex added discretionary strike levels in its Daily US Tech 100 Binary contracts on January 27, 2016. Finally, Nadex added additional strike levels on a discretionary basis in its Daily US SmallCap 2000, Wall Street 30, US 500, US Tech 100, and Bitcoin Binary contracts on January 29, 2016. Nadex also narrowed the strike interval width in its Daily Bitcoin contacts from 1.5 to 1 on January 29, 2016. Nadex plans to return to its regular listing for all contracts on February 1, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 712.012916

 

Nadex Amends Free Trading Incentive Program

 

In accordance with Nadex’s self-certification submission to the Commission on January 7, 2016, Nadex plans to amend the terms of its Temporary Free Trading Incentive Program beginning for the open of trade date February 1, 2016. Changes to the Program include the required initial deposit amounts and the correlating free trading days that will be granted. All other terms of the program remain unchanged. Notice of these amendments was provided in Notice 705.010716, as well as a copy of the submission.

 

Click here to view the amended terms which will be implemented on February 1, 2016.

 

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

 

Notice 711.012216

 

Nadex Adds Discretionary Strike Levels for the Week of January 19, 2016

 

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 12.20, 12.59, 12.61, 12.63, and 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 US SmallCap 2000 and US Tech 100 Binary contracts on January 19, 2016. Additionally, Nadex added discretionary strike levels in its Daily Bitcoin, US SmallCap 2000, US Tech 100, Wall Street 30, and US 500 Binary contracts on January 20, 2016. Nadex returned to its regular listing for these contracts on January 21, 2016. Finally, Nadex added additional discretionary strike levels in its Daily US Tech 100, Wall Street 30, US 500, US SmallCap 2000, and Bitcoin Binary contracts on January 22, 2016. Nadex also narrowed the strike interval width in its Daily Bitcoin contacts from 1.5 to 1. Nadex plans to return to its regular listing for all contracts on January 25, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 710.012216

 

Nadex Amends Membership Agreement, Investigation Completion Timeframe, and Narrows Daily Bitcoin Strike Width

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted notice to the Commission that it plans to make amendments its Membership Agreement, amend Rule 9.2 pertaining to the timeframe in which the Compliance Department endeavors to complete its investigations, and finally, to narrow the strike interval width in the Daily Bitcoin contracts and add additional strike levels to maintain consistency in the strike range.

 

In accordance with the 10-day review period set forth in Commission Regulation 40.6(b), the amendments will be effective February 8, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 709.011516

 

Nadex Adds Discretionary Strike Levels for the Week of January 11, 2016

 

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 12.5, 12.7, 12.20, 12.51, 12.59, 12.61, 12.63, and 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 Weekly US Tech 100 and Germany 30 Binary contracts on January 12, 2016. Additional Weekly strike levels were added in the Weekly US Tech 100 and US SmallCap 2000 Binary contracts on January 14, 2016. Nadex plans to return to its regular listing for these contracts on January 19, 2016.

 

Nadex also added discretionary strikes in its Daily US Tech 100, Wall Street 30, US SmallCap 2000, US 500, and Germany 30 Binary contracts on January 12, 2016. Additional discretionary strikes were added in the Daily US SmallCap 2000, US Tech 100, Wall Street 30, and US 500 Binary contracts on January 13, 2016, and in the Daily Silver, US Tech 100, Wall Street 30, US 500, US SmallCap 2000 Binary contracts on January 14, 2016. Finally, Nadex added additional discretionary strikes in its Daily Germany 30, US SmallCap 2000, US Tech 100, Wall Street 30, US 500, Gold, and Bitcoin Binary contracts on January 15, 2016. Nadex plans to return to its regular listing schedule for all contracts on January 19, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 708.011316

 

Nadex Product Schedule for the Martin Luther King, Jr. Holiday on Monday, January 18, 2016

 

Nadex will be closed for the Martin Luther King, Jr. Holiday on Monday, January 18, 2016. The Exchange will observe regular exchange hours for trade date Tuesday, January 19, 2016. 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 707.011216

 

Nadex Resumes Listing of its Bitcoin Contracts

 

Please be advised that Nadex plans to resume the regular listing schedule of its Bitcoin binary contracts beginning on trade date January 13, 2016. Weekly Bitcoin contracts listed for trade date January 13, 2016 will have an expiration date of Friday, January 15, 2016 at 3:00pm ET.

 

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

 

Notice 706.010816

 

Nadex Adds Discretionary Strike Levels and Refrains from Listing Certain 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 12.5, 12.20, 12.59, 12.61, 12.63, and 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 Weekly US Tech 100 and US SmallCap 2000 Binary contracts on January 4, 2016. Nadex plans to return to its regular listing for these contracts on January 11, 2016. Nadex also added discretionary strikes in its Daily US Tech 100, US SmallCap 2000, Wall Street 30 and US 500 Binary contracts on January 4, 2016. Nadex returned to its regular listing for its Daily US SmallCap 2000, Wall Street 30, and US 500 Binary contracts on January 5, 2016, but listed additional discretionary strikes in the Daily US Tech 100 Binary contracts for that day. Additional discretionary strikes were added in the Daily US Tech 100, Wall Street 30, US SmallCap 2000, US 500, and Gold Binary contracts on January 6, 2016. Nadex returned to its regular listing schedule for the Daily Gold Binary contracts on January 7, 2016. Nadex listed additional discretionary strikes in its Daily Bitcoin, US Tech 100, Wall Street 30, US SmallCap 2000, and US 500 Binary contracts on January 7, 2016, and returned to its regular listing schedule for these contracts on January 8, 2016.

 

Additionally, on trade date January 4, 2016, Intraday FTSE 100® Binary contracts which would have expired at 5:00am, 6:00am, and 7:00am ET were not listed. Intraday FTSE 100 Binary contracts with expiration times of 10:00am and 11:00am ET opened late at 9:02 and 9:03am ET, respectively, and Intraday FTSE 100 Variable Payout contracts with expiration times of 10:00am and 11:00am ET opened late at 9:05am ET.

 

Finally, Nadex plans to temporarily refrain from listing its Weekly and Daily Bitcoin Binary contracts beginning on January 11, 2015.

 

Click the following link to view the submission.

 

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

 

Notice 705.010716

 

Nadex Amends Terms of Temporary Free Trading Incentive Program

 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted notice to the Commission that it plans to amend certain terms of its temporary “Free Trading Incentive Program”. Changes to the Program include the required initial deposit amounts and the correlating free trading days that will be granted. All other terms of the program remain unchanged. In accordance with the 10-day review period set forth in Commission Regulation 40.6(b), the Program will be effective no earlier than January 25, 2016.

 

Click the following link to view the submission.

 

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

 

Notice 704.010616

 

Nadex Product Schedule for the Japan Holiday on January 11, 2016

 

The Exchange will open at its regular time on Sunday evening for trade date January 11, 2016. Due to the Japan holiday, no Japan 225 contracts will be listed on trade date January 11, 2016. All other contracts will open and close at their regular times. Nadex will return to its regular listing hours for all Japan 225 contracts on January 12, 2016. 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 703.010416

 

Nadex Halts Trading in its FTSE 100 Contracts Due to Unavailability of Underlying Market on December 31, 2015

 

On January 4, 2016 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on December 31, 2015, it halted trading in its FTSE 100 contracts, and refrained from listing certain Intraday FTSE contracts due to the unavailability of the underlying Liffe FTSE 100 Index Futures market upon which the Nadex FTSE 100 contracts are based, which closed early at 7:30am ET due to the New Year’s Eve holiday. Daily and Weekly contracts were settled using the regular calculation method with the last available underlying data prior to the market’s close at 7:30am ET.

 

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