Nadex Adjusts Trading Hours for Cryptocurrency Products
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”), Nadex submitted notice to the Commission that Nadex will amend the hours for trading cryptocurrency contracts on Nadex as described in Nadex Rules 5.18, 12.24 and 12.25. Specifically, Nadex will be amending its market hours to make contracts available for trading from 11:00 p.m. Eastern Time on Friday to 4:15 p.m. Eastern Time on the following Friday, excluding end-of-day processing hours which occur between 5:00 p.m. and 6:00 p.m. Eastern Time on Saturday through Thursday. The change to the new feed will take place on June 23, 2023.