Nadex Identifies Illiquid Market
|Notice Type||Notice ID|
|Rulebook & Agreement||943.071718|
On June 29, 2018, Nadex submitted a self-certification to the Commodity Futures Trading Commission (“CFTC”), which among other things, added a section to the Market Maker Agreement (“Agreement”) which would allow a Market Maker to modify its quoting during periods of “Illiquid Markets”. An Illiquid Market is defined in the Agreement as “thinly traded markets in particular time periods as determined by Nadex from time to time and made public via posting on its website.” A Market Maker may refrain from submitting Post-Only Quotes or reduce its size during an Illiquid Market. Until further notice is provided on this website, Nadex has identified the following products and time periods as Illiquid Markets: All Intraday 5-Minute Foreign Currency Binary contracts available for trading between the hours of 6:00pm ET and 9:00pm ET.
Should you have any questions or require further information, please contact the Compliance Department.