Nadex Closes Initial Jobless Claims and Nonfarm Payrolls Binary Contracts
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, Commission Regulation §40.6(a), and Nadex Rule 2.4, Nadex has submitted to the Commission notice of an emergency action to close its Initial Jobless Claims and Nonfarm Payrolls Binary contracts on October 1, 2013 and for the remainder of the week as a result of the federal government shutdown. The Nadex Initial Jobless Claims and Nonfarm Payrolls Binary contracts are based upon the underlying Jobless Claims and Nonfarm Payrolls figures released by the U.S. Department of Labor. The next scheduled release dates for the Jobless Claims and Nonfarm Payrolls are October 3, 2013 and October 4, 2013, respectively. This action is being taken as the government shutdown has the potential to affect the release of those figures, thereby rendering the Nadex Initial Jobless Claims and Nonfarm Payrolls Binary contracts potentially unable to be settled, and thus materially affecting the performance of those contracts. Nadex plans to return its regular listing schedule for these contracts on Monday, October 7, 2013, unless the federal government has not resumed its regular operations as of that date.