Nadex Reverts Settlement Procedure for Crude Oil and Natural Gas Contracts
|Notice Type||Notice ID|
|Rulebook & Agreement||1030.051319|
On April 26, 2019 Nadex submitted a self-certification to the CFTC providing notice that it planned to amend its expiration value calculation procedures beginning on May 13, 2019 for its Crude Oil and Natural Gas Binary and Variable Payout contracts, whereby a different calculation method would apply depending on whether the underlying market conditions were “normal” or “highly active”. It was discovered on May 13, 2019 that all expiration value calculations in these contracts used the “normal” market conditions calculation method. Until a determination is made as to why the “highly active” market conditions calculation method was not applied, Nadex has decided to revert to calculating the expiration value for these contracts using only the “normal” conditions method until further notice. A notice will be posted on the Nadex website when it relaunches the “highly active” market conditions expiration calculation method for the Crude Oil and Natural Gas contracts.
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