Nadex updates “Doing Business As” name
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended, and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission under the Act, North American Derivatives Exchange, Inc. (Nadex) has provided a notice that it has made revisions to its Rulebook to reflect the use of crypto.com | Derivatives as a doing business as name for the Exchange.
Let’s recall that in March 2022 electronic trading major IG Group Holdings plc (LON:IGG) announced the completion of the sale of Nadex and the 39% stake the Group holds in Small Exchange, Inc to Foris DAX Markets, Inc. (part of the group of companies trading as “crypto.com”) for $216 million.
The proposed sale of Nadex and Small Exchange was announced on 1 December 2021.