Clients’ Experience will Remain Unchanged, Nadex Says After IG’s Sale Announcement

North American Derivatives Exchange (Nadex) has issued a notice highlighting that it will continue its services throughout the process where IG Group Holdings sell its stakes in the exchange.

Nadex stated, "We want to reassure you that from a client perspective, your experience with Nadex will remain unchanged. You will still be able to access your account and trade in the same way you always have."

In terms of the transaction process, the exchange said, "We will remain transparent with you throughout the process, and you can contact us at any time with questions at customerservice@nadex.com. We appreciate all of you joining us in this exciting new chapter!"

IG announced the proposed sale of Nadex and Small Exchange, Inc to Crypto.com​ on Wednesday. The sale is a cash transaction with an approximate, aggregate price for the IG shareholdings in both companies of $216 million. The transaction is expected to be closed in the first half of 2022, subject to the satisfaction of customary conditions, including regulatory review.

According to IG, the deal would not materially impact its full-year adjusted operating profit expectations nor the medium-term revenue growth guidance for High Potential Markets previously provided in July 2021.