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Arbitration Statistics

As of June 30, 2014


Cases Filed

Calendar Year Customer1 Member2 Total
2014 10 7 17
2013 43 5 48
2012 71 10 81
2011 79 9 88
2010 126 12 138
2009 201 24 225
2008 193 20 213


Cases Closed

Calendar Year Customer Member Total
2014 18 2 20
2013 47 9 56
2012 97 8 105
2011 124 13 137
2010 149 14 163
2009 197 17 214
2008 166 22 188


Turnaround Time (in months)

Calendar Year Oral Hearings Summary Proceedings3 Overall4
2014 16.3 5.1 6.1
2013 9.5 6.2 6.7
2012 16.8 7.1 6.7
2011 15.4 7.07 12.1
2010 14.6 7.7 6.0
2009 11.9 7.7 9.8
2008 8.6 3.9 6.2


Number of Closed Cases by Reason5

Calendar Year Hearings Settlements Other6
Oral Summaries All
2014 2 1 3 11 6
2013 10 4 14 21 21
2012 14 8 22 35 48
2011 27 31 58 38 41
2010 19 26 45 60 58
2009 28 28 56 72 86
2008 23 20 43 70 75


Percentage of Closed Cases by Reason

Calendar Year Hearings Settlements Other7
2014 15% 55% 30%
2013 25% 38% 37%
2012 21% 33% 46%
2011 42% 28% 30%
2010 28% 37% 35%
2009 26% 34% 40%
2008 23% 37% 40%


Awards in Customer Cases

Calendar Year Total Awards8 Awards to Customers9 Average % of Compensatory Claim10
2014 2 1 11%
2013 11 4 48%
2012 17 6 65%
2011 58 31 79%
2010 41 18 72%
2009 50 30 63%
2008 43 26 72%



1 These are cases where at least one party is a public customer.

2 These are primarily cases between and among NFA Members and Associates. None of them involve public customers.

3 Summary proceedings are decided without an oral hearing and are based on the pleadings and exhibits submitted by the parties.

4 This is all closed cases, including cases that settle and those that are rejected, withdrawn, or terminated for other reasons.

5 All cases - Customer and Member.

6 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

7 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

8 All customer cases with a decision, including cases where the customer lost.

9 Does not include awards where customers were given costs and fees only.

10 Only in cases where customers received an award.

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Respondents in NFA arbitration cases must be current or former members of NFA, or an employee of an NFA Member.

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