Nadex Temporarily Widens Maximum Acceptable Bid/Ask Spread Used in Settlement Process

Due to the Swiss National Bank’s decision to remove the peg on the Swiss Franc which led to extreme market conditions and a wider than usual bid/ask spread in certain currencies, Nadex widened the maximum acceptable spread between the bid and ask prices in the underlying market that it collects to determine the 10 midpoints used in the settlement calculation process from 5 pips wide to 10 pips in the USD/CHF 2-Hour Intraday Binary contracts which were listed on January 20, 2015, with hourly expirations from 11:00am ET through 3:00pm ET.