Nadex widens currency contracts offering


North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has submitted a notice with the Commodity Futures Trading Commission (CFTC), informing it of its plans to expand its offering.

Nadex will be offering new Daily EUR/GBP and AUD/JPY ‘Wide’ and ‘Narrow’ Spread contracts.

New EUR/GBP contracts

At the start of trading in a Daily Spread EUR/GBP Variable Payout Contract, Nadex will list one (1) Variable Payout Contract, referred to as a ‘Spread’, which conforms to the following Payout Criteria:

  • CAP – The Cap shall be X + 0.0250.
  • FLOOR – The Floor shall be X – 0.0250.
  • DOLLAR MULTIPLIER – The Dollar Multiplier shall be 10,000.

(“X” equals the last EUR/GBP price, as reported by the Source Agency).

Nadex will list a set of three (3) Variable Payout Contracts with overlapping ranges, which conform to the following Payout Criteria:

  • CONTRACT 1: The Cap shall be X; The Floor shall be X – 0.0250.
  • CONTRACT 2: The Cap shall be X + 0.0125; The Floor shall be X – 0.0125.
  • CONTRACT 3: The Cap shall be X + 0.0250; The Floor shall be X.
  • (DOLLAR MULTIPLIER – The Dollar Multiplier shall be 10,000.

(“X” equals the last EUR/GBP price, as reported by the Source Agency).

New AUD/JPY contracts

At the start of trading in a Daily Spread AUD/JPY Variable Payout Contract, Nadex will list one (1) Variable Payout Contract, referred to as a ‘Spread’, which conforms to the following Payout Criteria:

  • CAP – The Cap shall be X + 2.50.
  • FLOOR – The Floor shall be X – 2.50.
  • DOLLAR MULTIPLIER – The Dollar Multiplier shall be 100.

In addition, Nadex will list a set of three (3) Variable Payout Contracts with overlapping ranges, which conform to the following Payout Criteria:

  • CONTRACT 1: The Cap shall be X; The Floor shall be X – 2.50.
  • CONTRACT 2: The Cap shall be X + 1.25; The Floor shall be X –1.25.
  • CONTRACT 3: The Cap shall be X + 2.50; The Floor shall be X.
  • DOLLAR MULTIPLIER – The Dollar Multiplier shall be 100.

(“X” equals the last AUD/JPY price, as reported by the Source Agency).

Also, Nadex is adding three Daily “Narrow” Currency Spread contracts to the following currency pairs: AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, EUR/JPY, and GBP/JPY.

Nadex is also adding strike levels to its Intraday Crude Oil and US Indices Spread contracts, as well as the Daily US Indices contracts. In a further change, Nadex is increasing the width in its Daily US SmallCap 2000 Spread contracts.

Pending a 10-day review period, the changes will be effective March 28, 2016.

You can view the full Nadex submission with the CFTC by clicking here.

Related News

arrow

Nadex widens currency contracts offering

5

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM5NSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC80Mzc5MThJbFc5ST9yZWw9MCZjb250cm9scz0wJnNob3dpbmZvPTAiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYXV0b3BsYXk7IGVuY3J5cHRlZC1tZWRpYSIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvNjAweDQyNS82MDB4NDI1TFIuaHRtbCIgZnJhbWVib3JkZXI9IjAiIHdpZHRoPSI2MDAiIGhlaWdodD00MjUiPjwvaWZyYW1lPg==
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS8vYTRscjE3L3VmeDE4LzYwMHg0MjVfMXN0LVRpbWVMZWFwUmF0ZS1lbi1HQl9IVE1MNS5odG1sIiBmcmFtZWJvcmRlcj0iMCIgd2lkdGg9IjYwMCIgaGVpZ2h0PTQyNSI+PC9pZnJhbWU+
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=