Nadex Amends Strike Level Parameters for Initial Jobless Claims and Nonfarm Payrolls Binary Contracts
|Notice Type||Notice ID|
|Rulebook & Agreement||1130.032620|
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 Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commission on March 26, 2020 notice of its intent to amend its contract specifications for its Initial Jobless Claims and Nonfarm Payrolls Binary contracts to remove the maximum and minimum parameters within which each strike level shall fall, in order to maintain flexibility as to strike levels for these event contracts during times of high volatility.
Pursuant to the 10-day filing period under Regulation 40.6(a)(3), this filing will become effective April 10, 2020.
Should you have any questions or require further information, please contact the Compliance Department.