Technical Issues Momentarily Stop 5 Minute Contracts Listing at Nadex

The North American Derivatives Exchange Inc. (Nadex) had placed a momentary stop on Intraday five-minute currency related contracts, starting with the 06:40 pm ET expiration.

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The exchange brought them back, starting off with the 07:05 pm ETs. This move seems to have occurred as result of technical difficulties revolving around the underlying data feed. The course of action Nadex decided to take had been pursuant to the exchange’s Rule 12.1 (h).

Any Intraday trades that had expired between 06:05 and 06:30 pm were settled by use of the underlying data provided by Reuters. One example of this trade was the Intraday five minute GBP/JPY binary contract, which had expired at 06:35 pm. Usually, the exchange settles trades while using its self-provided data, the NadexFX data feed.

Technical Issues? Not a First

This is not the first time that Nadex has had to stop certain listings. In November, Nadex had to take similar action regarding its Bitcoin binary contracts. A notice had been issued with the Commodity Futures Trading Commission (CFTC). In this case, the technical issue had resulted in the market maker’s inability to price the contracts. Following low Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in Nadex’s Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term contracts, the exchange made the decision to hold back on listings until the pricing had resumed in the market.

In June 2016, the exchange resumed offering Bitcoin contracts that had been off the listings due to technical difficulties the preceding February. Back then, the underlying Tera Bitcoin Price Index had been unavailable.