Nadex Amends Minimum Initial Deposit Bonus Program Date
10/05/2021
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”) submitted to the Commission on May 10, 2021 its intent to amend its Minimum Initial Deposit Bonus Program to increase the requirement minimum deposit amount from $250 to $1,000.
Pursuant to the 10-day filing period under Regulation 40.6(a)(3), this filing will become effective June 1, 2021.
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CHICAGO, April 23, 2021 /PRNewswire/
The Tokenist, a dynamic fintech and blockchain gateway into the world of finance, has added another entity to its growing list of partnerships: Nadex. Standing for North American Derivatives Exchange, Nadex is formerly known as Hedge Street. Following the Tokenist s
strategic milestone with IG US, partnering with Nadex is the logical next step as this CFTC-compliant exchange is owned by London s IG Group.
While IG Group represents the world s top forex ecosystem, Nadex is all about high-frequency options trading in stock indices, forex pairs, and commodities. Furthermore, Nadex holds special importance for US day traders as it constitutes one of the very few US-based exchanges to offer the more exotic binary options trading.
Tokenist Expands IG Partnership to Include Nadex, Amplifying U S Derivatives Coverage prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
CFTC: Federal Court Orders Alabama Company And Its Owner To Pay Over $1.1 Million For Commodity Pool Fraud Date
07/04/2021
The Commodity Futures Trading Commission today announced that Judge Liles C. Burke of the U.S. District Court for the Northern District of Alabama entered a default judgment against Negus Capital Incorporated (NCI) of Muscle Shoals, Alabama finding that it, through its owner Aaron B. Butler, engaged in fraudulent solicitation, misappropriation, and registration violations in connection with binary options trading.
The court’s March 31, 2021 order requires NCI to pay $294,545 in restitution to defrauded customers and a civil monetary penalty of $883,635. The order also permanently enjoins NCI from engaging in conduct that violates the Commodity Exchange Act and CFTC regulations, registering with the CFTC, and trading in any CFTC-regulated markets.
Nadex Amends Open Time For Daily And Weekly Binary And Call Spread Commodities And Amends Holiday Schedule Product Guidelines Date
05/03/2021
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”) submitted to the Commission on March 5, 2021 its intent to amend the listing time for its Daily and Weekly Binary and Call Spread Commodities contracts to open at 6:00pm ET on the first trade day of the week, consistent with the remainder of the week, rather than 3:00am ET as they currently do. Additionally, Nadex is updating its Holiday Schedule Product Guidelines to indicate that all Nymex/Comex Commodity and U.S. Equity Index contracts will open at 6:00pm ET following a U.S. holiday that falls on a Monday rather than