Nadex Amends its Product Schedule Guidelines for Holidays
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted notice to the Commission of its intent to amend its Product Schedule Guidelines for Holidays to clarify trading hours for the Thursday prior to a Friday holiday. The Guidelines currently indicate that the Exchange will close at 4:15pm ET on the Thursday prior to a Friday for which the Exchange is closed for holiday. This close time is correct, but Nadex is making an amendment to the Guidelines to specifically state that contracts available for trading on Thursday will close according to their regular Friday schedule on that day, as was the original intent of this provision. The amendment to the language is necessary to clarify that the Intraday 5-Minute EUR/USD, GBP/USD, USD/JPY, AUD/USD Binary contracts will not close at 4:15pm ET when the Exchange closes, rather they will close at 4:00pm ET as they do on a regular Friday trading day.