CFTC Issues Order Prohibiting North American Derivatives Exc

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CFTC Issues Order Prohibiting North American Derivatives Exchange’s Political Event Derivatives Contracts
04/02/2012 05:06 PM EDT

The Commodity Futures Trading Commission (CFTC) today issued an order pursuant to Section 5c(c)(5)(C)(ii) of the Commodity Exchange Act and CFTC Regulation 40.11(a)(1), prohibiting the North American Derivatives Exchange (Nadex) from listing or making available for clearing or trading a set of self-certified political event derivatives contracts.
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