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Screenshot of a breaking news alert e-mail from Q2 2017
North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), is seeking to amend the terms of its Free Trading Incentive Program, in a move set to provide its Members with more free trading days.
The program originally provided Nadex Members with up to five days of free trading, that is, days during which Members taking part in the program are not charged trading or settlement fees for trading activity. Nadex is now aiming to increase the number of free trading days under the program to up to 15.
The number of free trading days correlates to a Member’s initial deposit and the Exchange is also planning to change the deposit requirements.
All other Program terms are set to remain the same.
Nadex has made the relevant submission with the Commodity Futures Trading Commission (CFTC). Taking into account the 10-day review period, the changes to the Program would be effective no earlier than January 25, 2016.
The amended terms of the Program will only be available to Members who have not funded their account before the implementation of the changes, or had a prior account that was funded but subsequently closed prior to the changes implementation.
You can view the full submission with the CFTC by clicking here.