Nadex Temporarily Refrains from Listing Daily Bitcoin Binary Contracts

[kreslik.news]

Nadex, the North American Derivatives Exchange, has submitted an emergency notice to the Commodity Futures Trading Commission (CFTC), stating that it refrained from listing its Daily Bitcoin Binary contracts at the open of business for trade date on 22 November, 2016.  

Technical Issue

The action was taken as the result of a technical issue which prevented the overnight market maker from pricing an accurate market.  

Due to the low liquidity in the Nadex Bitcoin contracts in the absence of the market maker, Nadex took the decision to refrain from listing the contract until pricing could resume in the market.  

In accordance ... (read more)