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For Immediate Release
December 03, 2002
NFA reduces assessment fees to historically low levels
December 3, Chicago - The Board of Directors of National Futures Association (NFA) has approved a reduction in NFA's assessment fees to $.06 per round-turn futures contract and $.03 per option contract, the lowest level in NFA's history. The decrease is the fifth assessment fee reduction in 18 months, resulting in a 66 percent decrease since July 2001. The new fee schedule becomes effective on January 1, 2003.
"The increase in trading volume that has occurred over the past year and a half and NFA's cost-containment efforts have given us the opportunity to lower the assessment fee rate again while continuing to deliver efficient regulatory programs and services," says Dan Roth, NFA's senior executive vice-president.
NFA's assessment fee is levied on futures contracts and options on futures contracts traded on behalf of public customers. Public trading accounts for approximately 23 percent of total volume on the nation's futures exchanges.
NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.