Nadex Launches Dormant Account Bonus Program
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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 April 9, 2020 its plans to launch a reactivation incentive program, which would credit eligible participants with dormant accounts (no trading activity for 12 consecutive months) a bonus equal to 10% of the participant’s reactivation deposit, as defined in the Terms and Conditions, up to $100. In order to qualify, the reactivation deposit must occur before any trading activity takes place. Full Terms and Conditions of the Program were also submitted to the Commission. Pursuant to the 10-day filing period under Regulation 40.6(a)(3), this filing will become effective April 27, 2020.
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