Nadex Self-Certification to Clarify Ongoing Members Obligations, Withholding of Funds, and Penalties


On November 4, 2016, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commodity Futures Trading Commission (the “Commission”), 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 Commission under the Act (the “Regulations”), its intent to amend its Rulebook in order to clarify Nadex Members’ ongoing notification requirements. Additionally, this submission amends Rule 6.4 (Settling Member Withdrawal Requests) to clarify that Nadex may suspend or deny the processing of a withdrawal request under certain circumstances. Finally, Nadex is amending its Rule 9.5 (Penalties), to include the disciplinary penalty of disgorgement of profits resulting from a Nadex Rule violation.

Please click here to view the submission.

Should you have any questions or require further information, please contact the Compliance Department.
Document Notice 794