Common use of MARKET MAKER OBLIGATIONS Clause in Contracts

MARKET MAKER OBLIGATIONS. (a) Beginning on the Effective Date, the Market Maker shall continuously quote binding bid and offer prices, submitted as Post-Only Quotes as that term is defined in the Nadex Rules, at or inside of the defined maximum spread (“Defined Spread”) at not less than the defined minimum size (“Defined Size”) in the listed Contracts of all Classes to which the Market Maker is assigned as set forth in Appendix A (“Designated Classes”), as it may be amended from time to time by mutual agreement of the parties, at all times during which the Designated Classes are open for trading, except as otherwise provided in this Agreement. Market Maker shall not submit Non Post-Only Orders as defined by the Nadex Rules. (b) The Market Maker acknowledges and agrees not to engage in any activity that would violate the Commodity Exchange Act, as amended (the “Act”), or the Commission’s regulations adopted thereunder, or Nadex Rules or terms of its Membership Agreement. The Market Maker also understands and agrees that this Agreement may be unilaterally modified or cancelled by Nadex for any reason if directed to do so by the Commodity Futures Trading Commission (the “Commission”) in order to comply with the Act or the Commission’s regulations adopted thereunder. (c) Market Maker shall not knowingly employ any Authorized Traders who are subject to statutory disqualification under Section 8a(3) of the Act. (d) Market Maker shall notify Nadex within 24 hours of the addition or deletion of any Authorized Traders for their account at Nadex. All Authorized Traders may engage in Market Making activity on the exchange only via their assigned username. (e) Market Maker is obligated to respond to any Nadex request for information regarding their Market Making activity on the exchange.

MARKET MAKER OBLIGATIONS. (a) Beginning on the Effective Date, the Market Maker shall continuously quote binding bid and offer prices, submitted as Post-Only Quotes as that term is defined in the Nadex Rules, at or inside of the defined maximum spread (“Defined Spread”) at not less than the defined minimum size (“Defined Size”) in the listed Contracts of all Classes to which the Market Maker is assigned as set forth in on Appendix A Table 1 (“Designated Classes”), as it may be amended from time to time by mutual agreement of the parties, at all times during which the Designated Classes are open for trading, except as otherwise provided in Section 3 of this Agreement. Market Maker shall not submit Non Post-Only Orders as defined by the Nadex Rules. (b) The Market Maker acknowledges and agrees not to engage in any activity that would violate the Commodity Exchange Act, as amended (the “Act”), or andor the Commission’s regulations adopted thereunder, or the Nadex Rules or terms of its Membership Agreement. The Market Maker also understands and agrees that this Agreement may be unilaterally modified or cancelled by Nadex for any reason if directed to do so by the Commodity Futures Trading Commission (the “Commission”) in order to comply with the Act or andor the Commission’s regulations adopted thereunder. (c) Market Maker shall not knowingly employ any Authorized Traders who are subject to statutory disqualification under Section 8a(3) of the Act. (d) Market Maker shall notify Nadex within 24 hours of the addition or deletion of any Authorized Traders Trader for their account at Nadex. All Authorized Traders may engage in Market Making activity on the exchange only via their assigned username.. No. 20180626(1) (e) Market Maker is obligated to respond to any Nadex request for information regarding their Market Making activity on the exchange.

MARKET MAKER OBLIGATIONS. (a) Beginning on the Effective Date, and except as otherwise provided for in the Agreement (including any Appendix thereto) or on the Nadex website, the Market Maker shall continuously quote binding bid and offer pricesprices throughout the duration of the listed Contracts in Market Maker’s Designated Classes, which shall be submitted as Post-Only Quotes as that term is defined in the Nadex Rules, at or inside of the defined maximum spread (“Defined Spread”) at and not less than the defined minimum size (“Defined Size”) in the listed Contracts of all Classes to which the Market Maker is assigned as set forth in Appendix A (“Designated Classes”), as it may be amended from time to time by mutual agreement of the parties, at all times during which the Designated Classes are open for trading, except as otherwise provided in this Agreement. Market Maker shall not submit Non Post-Only Orders as that term is defined by the Nadex Rules. (b) The Market Maker acknowledges and agrees not to engage in any activity that would violate the Commodity Exchange Act, as amended (the “Act”), or the Commission’s regulations adopted thereunder, or Nadex Rules or terms of its Membership Agreement. The Market Maker also understands and agrees that this Agreement may be unilaterally modified or cancelled by Nadex for any reason if directed to do so by the Commodity Futures Trading Commission (the “Commission”) in order to comply with the Act or the Commission’s regulations adopted thereunder. (c) Market Maker shall not knowingly employ any Authorized Traders who are subject to statutory disqualification under Section 8a(3) of the Act. (d) Market Maker shall notify Nadex within 24 hours of the addition or deletion of any Authorized Traders for their account at Nadex. All Authorized Traders may engage in Market Making activity on the exchange only via their assigned username. (e) Market Maker is obligated to respond to any Nadex request for information regarding their Market Making activity on the exchange.