Nadex was notified by the Commodity Futures Trading Commission ("CFTC") that the commission had issued an order disapproving each of the proposed Nadex Political Event Derivative Contracts.
By Paolo Palazzi-Xirinachs
Monday, April 2, 2012
We are disappointed that the CFTC has disapproved our political event contracts. While we will review the CFTC's decision, we feel strongly that these products meet all legal and regulatory criteria for listing, and that the public would benefit from having these products traded on a well-regulated exchange, rather than an unregulated offshore venue as currently is the case. That said, we will continue to offer retail market participants the opportunity to trade binary options and spread contracts in a broad range of financial markets that are unaffected by this decision, which was limited to election contracts.
Read more about the Political Event Contracts response in the Press Release.
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