Nadex Self-Certification to Clarify Jurisdiction and Termination of Non-Member Accounts

Notice Type Notice ID
Rulebook & Agreement 847.040717

On April 7, 2017, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commodity Futures Trading Commission (the “Commission”), pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) of the regulations promulgated by the Commission under the Act (the “Regulations”), its intent to amend language in Rule 2.9 to clarify that Nadex will retain jurisdiction over anyone who initiates a transaction on the exchange, either directly or through an intermediary, after termination or revocation of the individual’s trading privileges with respect to any transactional or Rule-related matter involving that individual.  Additionally, this submission clarifies that in the event Nadex discovers that an individual other than the named Member and account owner completed the Membership application, Nadex may return any funds in the account and terminate the account.   Absent Commission objection, this submission will become effective April 25, 2017.
Please click below to view the submission.

 

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