Nadex

Contract Specifications

Find important information regarding contract specifications for stock indices, including expiration times, trading hours, underlying markets and more.

Please ensure that you understand the relevant contract specifications before trading. If you need any clarification, please contact Nadex and our trading support team can advise you further.

All times below are in Eastern (EST) and trading hours are subject to holidays. You can also see the rollover schedule for the futures underlying markets comprising Nadex’s contracts.

Binary option contracts Knock-out contracts Call spread contracts

United States

Our US stock index contracts are based on the following futures:

Nadex product	Underlying market	Lead months
Wall Street 30	CBOT® E-mini Dow Futures	March, June, Sept., Dec.
US 500	CME® E-mini S&P 500 Index Futures	March, June, Sept., Dec.
US Tech 100	CME® E-mini NASDAQ 100 Index Futures	March, June, Sept., Dec.
US SmallCap 2000	CME® E-mini Russell 2000 Index Futures	March, June, Sept., Dec.

Rest of the world

Our rest of the world stock index contracts are based on the following futures:

Nadex product	Underlying market	Lead months
FTSE 100	Liffe FTSE 100® Index Futures	March, June, Sept., Dec.
Germany 30	Eurex DAX® Index Futures	March, June, Sept., Dec.
Japan 225	SGX Nikkei 225® Index Futures	March, June, Sept., Dec.
China 50	SGX FTSE Xinhua China A50® Index Futures	Jan., Feb., March, April, May, June, July, Aug., Sept., Oct., Nov., Dec.

Binary option contracts

Wall Street 30

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday: 20-minute	Mon-Fri: 10am, 10:20am, 10:40am, 11am, 11:20am, 2:40pm, 3pm, 3:20pm, 3:40pm, 4pm	6	15	For 20 minutes preceding expiration
Intraday: 20-minute	Mon-Fri: 11:40am, 12pm, 12:20pm, 12:40pm, 1pm, 1:20pm, 1:40pm, 2pm, 2:20pm	4	15	For 20 minutes preceding expiration
Intraday: 2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	12	15	For 2 hours preceding expiration
Daily	Mon-Fri: 4:15pm	40	21	Sun-Fri, 6pm-4:15pm
Weekly	Fri: 4:15pm	200	13	Sun-Thu, 6pm-5pm; Thu-Fri, 6pm-4:15pm

US 500

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday: 20-minute	Mon-Fri: 10am, 10:20am, 10:40am, 11am, 11:20am, 2:40pm, 3pm, 3:20pm, 3:40pm, 4pm	0.75	15	For 20 minutes preceding expiration
Intraday: 20-minute	Mon-Fri: 11:40am, 12pm, 12:20pm, 12:40pm, 1pm, 1:20pm, 1:40pm, 2pm, 2:20pm	0.5	15	For 20 minutes preceding expiration
Intraday: 2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	1.5	15	For 2 hours preceding expiration
Daily	Mon-Fri: 4:15pm	6	21	Sun-Fri, 6pm-4:15pm
Weekly	Fri: 4:15pm	24	13	Sun-Thu, 6pm-5pm; Thu-Fri, 6pm-4:15pm

US Tech 100

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday: 20-minute	Mon-Fri: 10am, 10:20am, 10:40am, 11am, 11:20am, 2:40pm, 3pm, 3:20pm, 3:40pm, 4pm	2	15	For 20 minutes preceding expiration
Intraday: 20-minute	Mon-Fri: 11:40am, 12pm, 12:20pm, 12:40pm, 1pm, 1:20pm, 1:40pm, 2pm, 2:20pm	1	15	For 20 minutes preceding expiration
Intraday: 2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	4	15	For 2 hours preceding expiration
Daily	Mon-Fri: 4:15pm	12	21	Sun-Fri, 6pm-4:15pm
Weekly	Fri: 4:15pm	24	13	Sun-Thu, 6pm-5pm; Thu-Fri, 6pm-4:15pm

US SmallCap 2000

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday: 20-minute	Mon-Fri: 10am, 10:20am, 10:40am, 11am, 11:20am, 2:40pm, 3pm, 3:20pm, 3:40pm, 4pm	0.7	15	For 20 minutes preceding expiration
Intraday: 20-minute	Mon-Fri: 11:40am, 12pm, 12:20pm, 12:40pm, 1pm, 1:20pm, 1:40pm, 2pm, 2:20pm	0.6	15	For 20 minutes preceding expiration
Intraday: 2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	1.4	15	For 2 hours preceding expiration
Daily	Mon-Fri: 4:15pm	4	21	Sun-Fri, 6pm-4:15pm
Weekly	Fri: 4:15pm	12	13	Sun-Thu, 6pm-5pm; Thu-Fri, 6pm-4:15pm

FTSE 100

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday	Mon-Fri: 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm	15	9	For 2 hours preceding expiration
Daily	Mon-Fri: 4pm	20	21	Mon-Fri: 3am-4pm
Weekly	Fri: 4pm	50	13	Mon-Fri: 3am-4pm

Germany 30

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Intraday	Mon-Fri: 5am, 6am, 7am, 8am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm	20	9	For 2 hours preceding expiration
Daily	Mon-Fri: 4pm	20	21	Mon-Fri: 3am-4pm
Weekly	Fri: 4pm	50	13	Mon-Fri: 3am-4pm

Japan 225

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Daily	Mon-Fri: 1:25am	40	15	Sun-Fri: 6:45pm-1:25am
Weekly	Fri: 1:25am	100	13	Sun-Fri: 6:45pm-1:25am

China 50

Position limit: 2,500

Duration	Expiration	Strike width	No. of contracts	Trading hours
Daily	Mon-Fri: 2:55am	20	15	Sun-Fri: 8pm-2:55am
Weekly	Fri: 2:55am	100	13	Sun-Fri: 8pm-2:55am

Knock-out contracts

Wall Street 30

Position limit: 100

Duration	Expiration	Range	No. of contracts	Trading hours	Minimum tick size
Weekly	Earlier of 4:15pm or when Wall Street 30 Index Value = or is > than the ceiling, or = or is < the floor	500	4	Mon, 3am-5pm; Mon-Fri, 6pm-4:15pm	1

US 500

Position limit: 100

Duration	Expiration	Range	No. of contracts	Trading hours	Minimum tick size
Weekly	Earlier of 4:15pm or when US 500 Index Value = or is > than the ceiling, or = or is < the floor	50	4	Mon, 3am-5pm; Mon-Fri, 6pm-4:15pm	0.1

US Tech 100

Position limit: 100

Duration	Expiration	Range	No. of contracts	Trading hours	Minimum tick size
Weekly	Earlier of 4:15pm or when US Tech 100 Index Value = or is > than the ceiling, or = or is < the floor	150	4	Mon, 3am-5pm; Mon-Fri, 6pm-4:15pm	0.25

US SmallCap 2000

Position limit: 100

Duration	Expiration	Range	No. of contracts	Trading hours	Minimum tick size
Weekly	Earlier of 4:15pm or when US SmallCap 2000 Index Value = or is > than the ceiling, or = or is < the floor	50	4	Mon, 3am-5pm; Mon-Fri, 6pm-4:15pm	0.1

Call spread contracts

Wall Street 30

Position limit: 31,250

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	100	5	For 2 hours preceding expiration	1
8.25-hour	Mon-Fri, 4:15pm	300	5	Mon-Fri, 8am-4:15pm	1
Daily	Mon-Fri, 4:15pm	400	3	Sun-Fri, 6pm-4:15pm	1
Daily	Mon-Fri, 4:15pm	800	1	Sun-Fri, 6pm-4:15pm	1

US 500

Position limit: 31,250

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	10.0	5	For 2 hours preceding expiration	0.1
8.25-hour	Mon-Fri, 4:15pm	30.0	5	Mon-Fri, 8am-4:15pm	0.1
Daily	Mon-Fri, 4:15pm	40.0	3	Sun-Fri, 6pm-4:15pm	0.1
Daily	Mon-Fri, 4:15pm	80.0	1	Sun-Fri, 6pm-4:15pm	0.1

US Tech 100

Position limit: 125,000

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	50	5	For 2 hours preceding expiration	0.25
8.25-hour	Mon-Fri, 4:15pm	90	5	Mon-Fri, 8am-4:15pm	0.25
Daily	Mon-Fri, 4:15pm	100	3	Sun-Fri, 6pm-4:15pm	0.25
Daily	Mon-Fri, 4:15pm	200	1	Sun-Fri, 6pm-4:15pm	0.25

US SmallCap 2000

Position limit: 50,000

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	7.0	5	For 2 hours preceding expiration	0.1
8.25-hour	Mon-Fri, 4:15pm	20.0	5	Mon-Fri, 8am-4:15pm	0.1
Daily	Mon-Fri, 4:15pm	30.0	3	Sun-Fri, 6pm-4:15pm	0.1
Daily	Mon-Fri, 4:15pm	60.0	1	Sun-Fri, 6pm-4:15pm	0.1

FTSE 100

Position limit: 62,500

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 4pm	50	3	For 2 hours preceding expiration	1
8-hour	Mon-Fri, 4pm	150	3	Mon-Fri, 8am-4pm	1
Daily	Mon-Fri, 4pm	200	3	Mon-Fri, 3am-4pm	1
Daily	Mon-Fri, 4pm	400	1	Mon-Fri, 3am-4pm	1

Germany 30

Position limit: 62,500

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
2-hour	Mon-Fri: 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm	50	3	For 2 hours preceding expiration	1
8-hour	Mon-Fri, 4pm	150	3	Mon-Fri, 8am-4pm	1
Daily	Mon-Fri, 4pm	200	3	Mon-Fri, 3am-4pm	1
Daily	Mon-Fri, 4pm	400	1	Mon-Fri, 3am-4pm	1

Japan 225

Position limit: 31,250

Duration	Expiration	Strike width	No. of contracts	Trading hours	Minimum tick size
Daily	Mon-Fri, 1:25am	400	3	Sun-Fri, 6:45pm-1:25am	1
Daily	Mon-Fri, 1:25am	800	1	Sun-Fri, 6:45pm-1:25am	1

Pursuant to Nadex Rule 12.1(e), in instances where a duplicate strike width would be generated under the applicable product rule, the strike width for that contract will be adjusted by the pre-determined levels described in this table.

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Contract Specifications

Stock indices

United States

Rest of the world

Binary option contracts

Knock-out contracts

Call spread contracts

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