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 US Indices contracts are based, Nadex adjusted the strike width for its Daily US Tech 100 Binary contracts from 12 to 24, its Daily Wall Street 30 Binary contracts from 40 to 80, its Daily US 500 Binary contracts from 6 to 12, its Daily US SmallCap 2000 from 4 to 8, its Daily Gold Binary contracts from 1.5 to 3, its Daily Silver Binary contracts from 0.05 to 0.10, and its Weekly US Tech 100 Binary contracts from 24 to 48. The changes began on March 2, 2020 and continued through March 6, 2020.