Nadex Temporarily Grants Market Maker Quoting Exemption

Pursuant to the Nadex Market Maker Agreement, Section 4, Subsection (a)(iv), a Market Maker may refrain from submitting quotes during a period of illiquidity in the underlying markets, defined as thinly traded markets during particular time period. In anticipation of a period of illiquidity in the underlying markets upon which the Silver Nadex contracts are based for the previously scheduled June 28, 2024, underlying rollover date, Nadex is temporarily granting its Market Makers relief from their quoting obligations in the Nadex Silver commodity contracts.

Nadex is temporarily extending the Illiquid Markets coverage to the silver commodity products for trade dates Thursday, June 27, 2024, and June 28, 2024. As such, Nadex authorized Market Makers operating pursuant to a Market Maker Agreement will be relieved of their quoting obligations relating to size on trade dates Thursday, June 27, 2024, and June 28, 2024, from 6:00pm ET on calendar date June 26, 2024, to 4:15pm ET on calendar date June 28, 2024. A Market Maker(s) that elects to quote in any silver commodity markets during this period will be required to comply with the spread obligations set forth in its Market Maker Agreement.