Effective September 6, 2016, the Exchange effected changes to the Off-Exchange Reporting Broker Agreement for Authorized Customers.

Section 5. Authorized Customer Representations, Warranties, and Agreements contains these updates.

c. Authorized Customer consents to the jurisdiction of NASDAQ and agrees to abide by its Exchange Requirements, including, but not limited to, Chapter V, Section 4 (Direct Access) of the NASDAQ Futures Rules.

d. Authorized Customer represents that it is not presently enjoined from engaging in or continuing any conduct or practice in connection with the purchase or sale of any commodity, security, option or similar instrument by Applicable Law.

e. In the event an Authorized Customer is not registered as an Associated Person with the National Futures Association (“NFA”), Authorized Customer represents that only orders for its customers located outside the United States will be submitted through the Service. An Authorized Customer not registered as an Associated Person with NFA represents and warrants that it will not submit orders for its customers located in the United States. The Exchange reserves the right to reject any Off-Exchange Transaction if the Exchange determines that an Authorized Customer not registered as an Associated Person has submitted an order on behalf of one of its customers located in the United States.

Authorized Customers that have submitted a previous version of the Off-Exchange Reporting Broker Agreement are not required to execute a new agreement. The new Off-Exchange Reporting Broker Agreement is posted on the NFX website.

For additional information, please contact Nasdaq Membership at 215-496-5322 or Nasdaq Membership.