Nadex Amends Market Maker Agreement and Rulebook
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(a), Nadex has submitted notice to the Commission that it plans to amend its Market Maker Agreement to reflect a 15 day notice period when amending the definition of “fast market” and noting that the only recourse for breach of the agreement is termination of the agreement. Additionally, Nadex is amending its Rulebook to add the definition of “Reporting Level”, and to include the new Volume Threshold Levels of 50 contracts pursuant to the Commission’s ownership and control reporting regulations. Finally, this submission amends the listing of the 2-Hr and 20-Min Japan 225 Intraday contracts to indicate these contracts will not be listed for the three business days following a rollover in the Exchange symbol of the underlying market due to decreased liquidity.
In accordance with the 10-day review period set forth in Commission Regulation 40.6(b), the amendments to the Market Maker Agreement will be effective April 18, 2016. Changes to the Rulebook will be effective April 28, 2016 unless otherwise noted.