Nadex Corrects Naming Error in Nonfarm Payrolls Binary Contracts
|Notice Type||Notice ID|
|Rulebook & Agreement||1144.040820|
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) 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”) hereby provides notice that that it is correcting an error in the naming of its Nonfarm Payrolls Binary contracts. Rule 12.73(e)(i) refers to the “Monthly Nonfarm Payrolls Binary Contracts”. Rule 12.1 defines a “Weekly Contract” as “a Series of Contracts that have an Expiration Date that is no less than four calendar days and no greater than seven calendar days from the date on which the contracts are issued”. The Nonfarm Payrolls Binary contracts are listed for no more than seven calendar days from the date on which it is listed, and accordingly should be named the “Weekly Nonfarm Payrolls Binary Contracts”. No characteristics or specifications of the contract are being changed.
Should you have any questions or require further information, please contact the Compliance Department.