Nadex logo Start free demo

SEARCH RESULTS

No entries matching your query were found.

SEE ALL RESULTS
Back to Notices

Nadex Widens Acceptable Bid/Ask Spread Used in Currency Expiration Value Calculation and Refrains/Delays from Listing Certain Contracts

Notice Type: Exchange
Notice ID: 1127.032320
2020

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(h), on trade date Monday, March 23, 2020 Nadex took the following actions:  

  • No Daily, Weekly or Intraday Natural Gas Event contracts will be listed for the week of March 23, 2020;

  • No Weekly FTSE 100 or Germany 30 Event contracts will be listed for the week of March 23, 2020;

  • US Indices Touch Bracket contracts were listed at 2:30am ET on trade date March 23, 2020 rather than 6:00pm ET;

  • Weekly US Indices Event contracts were listed at 7:52am ET on trade date March 23, 2020;

  • No 5-Minute Intraday Currency Event contracts were listed at the open of the Exchange through the 6:20pm ET expiration time;

  • 5-Minute Intraday EUR/USD Event contracts were listed beginning with the 6:25pm ET expiration time;

  • 5-Minute Intraday AUD/USD, USD/CAD, and USD/JPY Event contracts were listed beginning with the 6:30pm ET expiration time;

  • 5-Minute Intraday GBP/USD Event contracts were listed beginning with the 6:50pm ET expiration time;

  • 5-Minute Intraday EUR/JPY Event contracts were listed beginning with the 7:00pm ET expiration time;

  • 5-Minute Intraday GBP/JPY Event contracts were listed beginning with the 7:25pm ET expiration time;

  • No 5-Minute Intraday GBP/JPY and GBP/USD Event contracts were listed beginning with the 8:35pm ET expiration time and were re-listed beginning with the 8:10am ET expiration time;

  • No 5-Minute Intraday USD/CAD Event contracts were listed beginning with the 9:20pm ET expiration time and were re-listed beginning with the 8:10am ET expiration time;

Additionally, pursuant to the authority granted in Nadex Rule 12.1(l), on trade date Monday March 23, 2020, due to activity in the underlying GBP/JPY cash markets Nadex widened the acceptable bid/ask spread used in collecting the data set of underlying prices used to calculate the expiration value of the 5-Minute Intraday GBP/JPY Event contract expiring at 8:15pm ET from 10 pips wide or less to 15 pips wide or less. 

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