Nadex Amends Rules Pertaining to Order Entry and Swap Data Repository Reporting

Notice Type Notice ID
Rulebook & Agreement 880.092117

On September 21, 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 update its Rule 5.5, Order Entry, to require Members submitting messages to the Exchange either manually or via automated functionality to have controls in place to prevent detrimental or disruptive activity to the Exchange.  Additionally, Nadex is updating its Rule 6.5, Regulatory Reporting to a Swap Data Repository, to reflect the no-action letter (CFTC Letter No. 17-31, the “Letter”) granted by the Division of Market Oversight and the Division of Clearing and Risk, relieving Nadex from certain reporting obligations under Commission Regulations Parts 43 and 45.  The amendments to these Rules will become effective October 6, 2017.       

Please click below to view the self-certification submission.

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