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For Immediate Release
November 29, 2001
NFA reduces assessment fees to new record-low levels
November 29, Chicago - Citing unprecedented growth in public trading volume and increased operating efficiencies, National Futures Association is reducing its assessment fees to an all-time low level-from $.14 to $.12 per round-turn futures contract and $.07 to $.06 per options transaction. The decrease is the second assessment fee reduction in 6 months, resulting in a 33 percent total decrease since July 2001. Assessment fee levels for mini-contracts will remain at $.04 per round-turn futures contract and $.02 per options transaction. NFA's Board of Directors approved the reduction at its November 15, 2001, meeting in New York. The new fee schedule becomes effective on January 1, 2002.
"NFA has always operated with a private sector mentality," says NFA Senior Executive Vice President Dan Roth. "Our track record of delivering efficient regulatory programs and services and robust trading volume have resulted in the lowest fee levels in NFA history."
NFA, a congressionally authorized self-regulatory organization for the U.S. futures industry, provides innovative regulatory programs and services that ensure futures industry integrity, protect market participants and help its Members meet their regulatory responsibilities. NFA also offers a variety of cost-effective regulatory services to electronic markets — services that sustain market integrity, increase user confidence and add to the value of the markets.