Nadex Self-Certification to Authorize Limitation of Trading Privileges Modification


On April 7, 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 its Rule 3.6 (Rejection of Applicant) to provide for the limitation of trading privileges in instances where, although no Rule violation that could lead to disciplinary action may have occurred, Nadex has determined the action is necessary or appropriate to minimize risk, or otherwise protect the Exchange, the market, or its Members. On April 21, 2017 Nadex submitted a modification to that submission which specifies that an individual whose trading privileges have been limited pursuant to the Rule will be provided the reason for the limitation in writing, and language has been amended to cover intermediated clients. Nadex has also submitted a Q&A further explaining the Rule. Absent Commission objection, this submission will become effective April 25, 2017.

Please click below to view the submission.

Should you have any questions or require further information, please contact the Compliance Department.
Document Notice 850