Nadex Self-Certification Amending Member Obligations and Clarifies Event Contracts
On August 4, 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 language in Rule 3.3 (Member Obligations) regarding ongoing disclosure requirements of members to mirror the language in the Qualifying Questions on the Membership application. Additionally this submission clarifies the description of when the Federal Funds, Initial Jobless Claims, and Nonfarm Payrolls Binary contracts will be issued by the Exchange. Nadex plans to implement these changes for the open of business on trade date August 21, 2017.
Please click the link below to view the submission.