Nadex Adds Discretionary Strike Levels for the Week of July 5, 2016
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and Commission Regulation §40.6(d)(2)(iv), and by the authority granted by Nadex Rules in Chapter 12, due to volatility in the underlying markets Nadex added numerous additional strike levels on a discretionary basis in its Weekly, Daily, Intraday 2-Hour and 5-Minute Binary contracts, as well as in certain foreign currency variable payout contracts throughout the week of July 5, 2016.
Beginning with the 1:00pm ET expiration on July 5, 2016 in the 2-Hour Intraday EUR/GBP, GBP/JPY, and GBP/USD the number of strike levels that were auto-generated increased from 9 to 15. The increase in strike levels continued throughout the week until the close of business on July 8, 2016. Beginning with the 9:50am ET expiration on July 5, 2016 in the 5-Minute EUR/USD, GBP/USD, USD/JPY, and AUD/USD binary contracts, the number of strike levels that were auto-generated increased from 5 to 9, and remained this way throughout the week until the close of business on July 8, 2016. Additionally, manual strike levels were added in the Weekly, Daily, and Intraday currency, metals, and indices binaries. Additionally, beginning with the 9:50am ET expiration on July 5, 2015 in the 5-Minute GBP Binary contracts the strike width was increased throughout the week.