Nadex Self-Certification to Delist Bitcoin
On December 16, 2016, 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 delist its Bitcoin Binary contracts. The last Bitcoin contracts will close at their regular time of 3:00pm ET on December 16, 2016. After the final settlement of these contracts, no open positions or working orders will exist in the Nadex Bitcoin market. As §40.6(a) exempts the delisting of a product from the 10-day review period, Nadex will delist its Bitcoin contracts effective at the close of business on trade date Friday, December 16, 2016.
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