Nadex Lists USD/CHF Daily and 2-Hour Intraday Binary Contracts
On January 15, 2015 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that it would refrain from listing its USD/CHF contracts until further notice due to the major fluctuations in the value of the Swiss Franc as the result of the Swiss National Bank’s decision to remove the peg on the Franc. Nadex has relisted its USD/CHF 2-Hour Intraday Binary contracts with expirations hourly from 10:00am ET through 3:00pm ET for trade date January 23, 2015. Additionally, on January 22, 2015 Nadex listed its USD/CHF Daily contracts with expirations at 11:00am and 3:00pm ET on January 23, 2015. Weekly Binary and Variable Payout contracts will remain temporarily unlisted at this time. All listed USD/CHF contracts will be settled using a 10 pip wide (rather than a 5 pip wide) maximum bid/ask spread to determine the 10 midpoints used in the expiration value calculation. Nadex plans to return to its normal listing schedule for all USD/CHF contracts on Monday, January 26, 2015.