Nadex Widens Acceptable Bid/Ask Spread Used in Currency Expiration Value Calculation and Refrains/Delays from Listing Certain Contracts

Notice Type Notice ID
Exchange 1127.032320

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(h), on trade date Monday, March 23, 2020 Nadex took the following actions:  

  • No Daily, Weekly or Intraday Natural Gas Binary contracts will be listed for the week of March 23, 2020;

  • No Weekly FTSE 100 or Germany 30 Binary contracts will be listed for the week of March 23, 2020;

  • US Indices Touch Bracket contracts were listed at 2:30am ET on trade date March 23, 2020 rather than 6:00pm ET;

  • Weekly US Indices Binary contracts were listed at 7:52am ET on trade date March 23, 2020;

  • No 5-Minute Intraday Currency Binary contracts were listed at the open of the Exchange through the 6:20pm ET expiration time;

  • 5-Minute Intraday EUR/USD Binary contracts were listed beginning with the 6:25pm ET expiration time;

  • 5-Minute Intraday AUD/USD, USD/CAD, and USD/JPY Binary contracts were listed beginning with the 6:30pm ET expiration time;

  • 5-Minute Intraday GBP/USD Binary contracts were listed beginning with the 6:50pm ET expiration time;

  • 5-Minute Intraday EUR/JPY Binary contracts were listed beginning with the 7:00pm ET expiration time;

  • 5-Minute Intraday GBP/JPY Binary contracts were listed beginning with the 7:25pm ET expiration time;

  • No 5-Minute Intraday GBP/JPY and GBP/USD Binary contracts were listed beginning with the 8:35pm ET expiration time and were re-listed beginning with the 8:10am ET expiration time;

  • No 5-Minute Intraday USD/CAD Binary contracts were listed beginning with the 9:20pm ET expiration time and were re-listed beginning with the 8:10am ET expiration time;

Additionally, pursuant to the authority granted in Nadex Rule 12.1(l), on trade date Monday March 23, 2020, due to activity in the underlying GBP/JPY cash markets Nadex widened the acceptable bid/ask spread used in collecting the data set of underlying prices used to calculate the expiration value of the 5-Minute Intraday GBP/JPY Binary contract expiring at 8:15pm ET from 10 pips wide or less to 15 pips wide or less. 

Should you have any questions or require further information, please contact the Compliance Department.