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Nadex Temporarily Grants Market Maker Quoting Exemption Due To Illiquid Markets
Pursuant to the Nadex Market Maker Agreement, Section 4, Subsection (a)(iv), Market Maker(s) may refrain from submitting quotes during a period of illiquidity in the underlying markets, defined as thinly traded markets during particular time period. In anticipation of a period of illiquidity in the underlying markets upon which the Nadex contracts are based during the US holiday season, Nadex is temporarily granting its Market Makers relief from their quoting obligations in the Intraday 5- Minute Foreign Currency Binary contracts between the hours of 2:00PM and 5:00PM ET for a minimum period of one month. Nadex will ... (full story)
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