90-day Review of NADEX’s Proposed Political Event Derivatives Contracts
The Commodity Futures Trading Commission (CFTC) on January 3, 2012, issued a letter informing the North American Derivatives Exchange (NADEX) that it has commenced a 90-day review of NADEX’s proposed political event derivatives contracts. The review is based on the possibility that these contracts may involve, among other issues, “gaming or an activity that is unlawful under any State or Federal law.”
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Enforcing laws against fraud, manipulation and other abuses in the commodity, swaps and other derivatives markets. More