Nadex widens currency contracts offering
Nadex widens currency contracts offering explained by professional Forex trading experts the “Nadex widens currency contracts offering” FX trading team.
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.
Nadex widens currency contracts offering Conclusion
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