Nadex Offers FOK and IOC Order Types, Amends Range and Tick Value of US Tech 100 Variable Payout, and Amends Language to Rule 3.3(d)
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 add ‘Fill or Kill’ (“FOK”) and ‘Immediate or Cancel’ (“IOC”) Limit Orders to its current acceptable order type, Limit Good ‘Til Cancel. Initially, the FOK and IOC orders will only be available on the NadexPro platform. This submission also provides notice that Nadex plans to amend the floor/cap range for the US Tech 100 Variable Payout contracts, as well as change the tick value from 1.0 to 0.10. Finally, this submission provides notice that Nadex is amending the language in its Rule 3.3(d)(Member Obligations) to state that account that have been inactive for more than one year may be terminated, rather than will be terminated.
Pursuant to Commission Rule 40.6(b), Nadex plans to implement these Rule changes no earlier than April 30, 2015.