Chicago-based binary options exchange NADEX has submitted notice to the US Commodity Futures Trading Commission (CFTC) that it plans to add ‘Fill or Kill’ (“FOK”) and ‘Immediate or Cancel’ (“IOC”) limit orders to its current acceptable order type, Limit Good ‘Til Cancel, pursuant to Section 5c(c)(1) of the Commodity Exchange Act, and CFTC Regulation §40.6(a)
Initially, the FOK and IOC orders will only be available on the NadexPro platform. This submission also provides notice that NADEX plans to amend the floor/cap range for the US Tech 100 Variable Payout contracts, as well as change the tick value from 1.0 to 0.10.
Finally, this submission provides notice that Nadex is amending the language in its Rule 3.3(d)(Member Obligations) to state that account that have been inactive for more than one year may be terminated, rather than will be terminated.
For the official announcement from NADEX, click here.