Nadex Delays New Expiration Value Calculation and Settlement Process for non-FX Products

On December 16, 2016 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), regarding a self-certification submitted to the CFTC on November 23, 2016 which described the planned amendments to its expiration value calculation and settlement procedures for all FX and non-FX contracts, which was to begin on trade date December 19, 2016. While Nadex will proceed with this new expiration value calculation process for its FX products beginning on December 19, 2016, Nadex is delaying the new calculation process for all non-FX products as additional technological work is needed to ensure the process functions properly. At this time Nadex does not have the specific date on which this work will be completed, however, Nadex will post a notice on the Notices page of the website in advance of the deployment to the non-FX products. Until that time, the settlement process for all non-FX products will remain unchanged.

Additional details regarding the new expiration value calculation and settlement process are available in Notice 801.112316.