North America derivatives Exchange, Inc. D/b/a crypto.com | North America derivatives have certified an exchange, which is a contract based on a commercial financial event. The exchange intends to record the contract for negotiations no later than 14 May 2025.
The event contract is a financial means designed to express a market view associated with the possible increase or decrease in the price of the future fulfillment COMEX/NYMEX® GOLD (“GFC”).
The event contract operates in a manner that is equivalent to financial events certified by Nadex and other defined contracts for negotiation. Price zones will apply so that the contract can only be mentioned in increases of at least $ .10 and at most $ 9.90.
The event contract will have a minimum fictional value of $ 10 and minimum $ .10 price fluctuation to allow members to match the size of the contracts purchased at their financial risks.
At least one dedicated market manufacturer committed to providing immediate liquidity will participate in the start of the event.
During the negotiating hours, members are able to adjust their positions and market freely. After the event contract is closed, Nadex will determine the expiry value and if the payment criteria include the expiration value (that is, if the market result is “yes” or “no”).
The market is then settled by Nadex and either long -standing owners or short position holders are paid for the settlement value.
In this case, the “long -standing holders” refer to members who bought the “yes” side of the event contract and “short position holders” refer to members who bought the “no” side of the event contract.
If the expiry is “yes”, then long position holders are paid to an absolute amount proportional to the size of their position and the short position holders do not receive payment. If the expiry is “no”, then the short position holders are paid in absolute amount depending on the size of their position and the long -standing holders do not receive payment.
The expiry date of the contract is designed to represent multiple possible unforeseenities that affect the determination of the expiration value.