Nadex Set to Offer New FOK and IOC Order Types

The U.S-based retail-focused online binary options Exchange known as the North American Derivatives Exchange (Nadex), has submitted notice to the 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.

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 for Member Obligations to state that account that have been inactive for more than one year may be terminated, rather than will be terminated.

Pursuant to the commission approval Nadex plans to implement these Rule changes no earlier than April 30, 2015.