Nadex Adjusts Strike Width for Crude Oil Binary Contracts
|Notice Type||Notice ID|
On February 23, 2018, Nadex provided notice and submitted its intent pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(d)(2)(iv), that due to decreased volatility in the underlying markets upon which the Nadex Crude Oil contracts are based, the strike width for its Weekly Crude Oil contracts would change from 1.00 to 0.30, and its Intraday Crude Oil Binary contracts strike width would change from 0.20 to 0.05 on a temporary basis. These width changes have not been implemented, and the widths will remain at their original values at this time. Daily Crude Oil Binary contracts strike width will change from 0.50 to 0.10 for the week of February 26, 2018.
Should you have any questions or require further information, please contact the Compliance Department.