Nadex Self-Certification Amending Japan 225 Listing Hours
On July 21, 2017, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commodity Futures Trading Commission (the “Commission”), pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) of the regulations promulgated by the Commission under the Act (the “Regulations”), its intent to amend the listing hours for certain Japan 225 Binary contracts during periods of decreased activity in the underlying market upon which the Nadex contracts are based. Specifically, the Intraday 2-Hour contract that expires at 10:00pm ET, and Intraday 20-Minute contracts that expire at 9:40pm, 10:00pm, and 10:20pm ET will no longer be listed. During the period the US recognizes daylight savings time, the delisted expiration times will shift ahead one hour. Nadex plans to implement these changes for the open of business on trade date August 7, 2017.
Please click below to view the submission.