Nadex Adjusts Settlement Calculation for AUD/JPY Contracts and Amends Language for Market Maker FIX Gateway Connection Fee
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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 adjust its settlement calculation for the AUD/JPY contracts such that a spread of 10 pips or less (rather than 5) between the bid and ask price in the underlying market is included in the data set of 25 midpoints used to calculate the expiration value of those Binary contracts. This adjustment will more accurately reflect of the level of the underlying market at the relevant expiration.
Additionally, Nadex is amending the language in its Rule 4.3 pertaining to the Market Maker connection fee to the FIX Gateway to reflect that this fee will not be determined on a case-by-case basis, rather the fee will remain the same for Members operating pursuant to a Market Maker Agreement.
Should you have any questions or require further information, please contact the Compliance Department.