Nadex Adds Strikes to 5-Minute and 20-Minute Contracts, Amends FCM Obligations and Fees, Condenses Rules

604.020515

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted to the Commission its intent to add two additional strikes to its AUD/USD, EUR/USD, GBP/USD, and USD/JPY Intraday 5-Minute Binary contracts and six additional strikes its US 500, US Tech 100, US SmallCap 2000, and Wall Street 30 Intraday 20-Minute Binary contracts. Additionally, Nadex is adding a provision to its Rule 3.4, FCM Member Obligations, which prohibits an FCM Member from withdrawing funds from its residual interest in the Cleared Swaps Customer Account if, after such withdrawal, the available residual interest balance would be less than $100,000 except on termination of Membership. This submission also amends the fee schedule for FCM Members such that trading fees for up to 10 lots will cost $0.35 per lot, and $0.00 for any lots traded over 10, and amends the settlement fees for FCM Members so that all lots settled in-the-money will be cost $0.35. Finally, this submission includes amendments to all Metals, Energies, and Agricultural Binary Contracts to condense the contract specifications set forth in these Rules. Nadex plans to implement these changes on February 23rd.

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