North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has just announced the official launch of its Free Trading Incentive Program. The program commenced on October 5, 2015.
As LeapRate has reported earlier, the initiative was self-certified with the Commodity Futures Trading Commission (CFTC) on August 31, 2015.
The program removes trading and settlement fees for all individuals and entities that become Nadex Members on or after the effective date of the program, for a determined period of time directly correlating to the amount of funds a member initially deposits into their trading account.
In particular, Members acquire free Trading Days (as per the table included in this article) in accordance with the amount of their initial deposit.
Nadex has not unveiled details as for the period of the program duration.
To view Nadex’s filing with the CFTC, click here.