The North American Derivatives Exchange (Nadex), part of IG Group Holdings plc (LON:IGG), is increasing the variety of trading instruments.
The company has announced that it plans to add new Intraday 20-Minute Japan 225 Binary contracts to its current lineup of overnight contracts in order to offer more trading opportunities to market participants in the overnight hours.
The expirations of the new contracts, as their name suggests, will be every 20 minutes beginning at 7:20PM and ending at 1:20AM ET (close).
In addition, Nadex will change trading conditions for Gold and Silver binary contracts. The number of strikes listed for the Daily Gold Binary contracts will be reduced, and the strike width for all Daily and Intraday Gold Binary contracts and all Weekly, Daily, and Intraday Silver contracts will be cut.
Nadex has already filed the relevant notice with the Commodity Futures Trading Commission (CFTC) which will review the proposal. In accordance with the 10-day review period, the amendments should become effective for November 2, 2015.
To view Nadex’s submission to the CFTC, click here.