Nadex Temporarily Amends Binary Contracts Strike Width
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex adjusted the strike width for its GBP/USD and AUD/USD 5-Minute Intraday Binary contracts from 0.0004 to 0.0008 beginning with the 8:45am ET and 9:15am ET expirations, respectively. Nadex also adjusted the strike width for its EUR/USD 2-Hour Intraday Binary contracts from 0.0004 to 0.0008 beginning with the 4:00pm ET expiration. These changes remained in effect for trade date March 20, 2020.
Also on March 20, 2020, the Gold 2-Hour Intraday Binary contract strike width was adjusted from 2 to 3 beginning with the 1:00pm ET expiration and remained through the end of the trade day, and the US 500 2-Hour Intraday Binary contract width was adjusted from 6 to 8 for the entirety of the trade day.