Nadex Plans to End Free Trading Incentive Program Effective July 21, 2017
|Notice Type||Notice ID|
|Rulebook & Agreement||866.071817|
On August 31, 2015 Nadex submitted a self-certification submission to the Commodity Futures Trading Commission regarding its plans to implement a Free Trading Incentive Program (“Program”), whereby a Nadex Member could earn up to five fee-free trading days (amended to 15 days in January 2016, and to 10 days in August 2016), based on the amount of the Member’s initial deposit. Nadex posted the Terms and Conditions of the Program on the “Fees” page of its website. Pursuant to the Terms, “Nadex may terminate this Program at any time. In the event this Program is terminated, Nadex will post a notice on the Notices section of its website. Termination of the Program will prevent accounts making an initial deposit on or after the termination date from acquiring free Trading Days. Those accounts that have already been allotted free Trading Days prior to the program termination date will be granted a period of time in which to use the acquired free Trading Days, before any unused days will be forfeited. The specific time period in which to use the days will be indicated in the notice of program termination on the Notices page.” Nadex is therefore providing notice that the Program will terminate at the close of business on Friday, July 21, 2017. Any account that has not made an initial funding as of 4:15pm ET on July 21, 2017 will no longer be eligible for the fee-free trading days under the Program. Members who have already acquired fee-free trading days will have until the close of business on Friday, August 18, 2017 to use those days, in accordance with the Terms and Conditions. Any fee-free trading days that remain unused as of 4:15pm ET on August 18, 2017 will be forfeited, and all Members will return to the regular fee schedule set forth on the Nadex website.
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