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

757.071516

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 Chapter 12, due to volatility in the underlying markets Nadex added numerous additional strike levels on a discretionary basis in its Weekly, Daily, and Intraday 2-Hour Currency, Silver, and Gold Binary contracts throughout the week of July 11, 2016.

Additionally, Nadex amended the strike width for its 5-Minute Intraday Currency Binary contracts throughout the week of July 11.  On Sunday evening, trade date July 11, the strike level interval width was increased from 0.0003 to 0.0006 for the 5-Minute Intraday GBP/USD, EUR/USD, and AUD/USD, and from 0.03 to 0.06 for the USD/JPY Binary contracts beginning with the 6:05pm ET expiration time, but returned to normal for the 6:10pm ET expiration.  On Monday, July 11, the strike interval width for the GBP/USD 5-Minute Intraday Binary contracts was increased from 0.0003 to 0.0005 beginning with the 10:55am ET expiration.  The strike interval width for the GBP/USD 5-Minute Intraday Binary contracts was further increased to 0.0006 beginning with the 11:45am ET expiration, and returned to normal for the 6:20pm ET expiration on trade date July 12.  On Tuesday, July 12, beginning with the 10:15am ET expiration time, the strike interval width was increased from 0.0003 to 0.0004 for the AUD/USD, from 0.0003 to 0.0006 for the GBP/USD, from 0.03 to 0.05 for the USD/JPY 5-Minute Intraday Binary contracts.  The interval strike width was increased from 0.0003 to 0.0005 for the EUR/USD for the 10:15am ET expiration, and again to 0.0006 beginning with the 10:20am ET expiration.  Strike widths returned to normal for the EUR/USD, AUD/USD, and USD/JPY beginning with the 1:25pm ET expiration.  Strike width levels returned to normal for the GBP/USD 5-Minute contracts beginning with the 2:30pm ET expiration.  Beginning with the 9:15am ET expiration time on July 13, the strike interval width increase for the 5-Minute GBP/USD Binary contracts from 0.0003 to 0.0006, and the width increased from 0.03 to 0.05 for the 5-Minute USD/JPY Binary contracts.  Beginning with the 9:20am ET expiration on that day the strike interval width for the AUD/USD 5-Minute Binary contracts increased from 0.0003 to 0.0004.  Beginning with the 9:35am ET expiration time on that day the strike interval width was increased from 0.0003 to 0.0004 for the EUR/USD 5-Minute Binary contracts.  All contracts returned to their normal strike widths beginning with the 4:25pm ET expiration on July 13, 2016. 

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