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Notice I-10-16

August 31, 2010

Board and Nominating Committee Members Whose Terms Will Expire at the 2011 Annual Election

NFA Bylaw 406 provides that before October 15th of each year, NFA's Secretary shall notify all Members in the FCM, IB, CPO and CTA categories of the elected Directors and the members of the Nominating Committee whose terms shall expire at the Annual Election and shall request that the names of eligible persons to fill those positions be submitted to the Nominating Committee.

Enclosed is a list of Board and Nominating Committee members whose terms shall expire at the 2011 Annual Election to be held on January 18, 2011. Also enclosed is a form for your use in submitting names of persons eligible to fill the vacancies on the Board of Directors and the 2011 Nominating Committee. For your reference, an explanation of the composition of the Board of Directors and Nominating Committee and of the open positions in this election is provided.

The Nominating Committee shall consider names which are submitted and the membership shall be notified of its nominations. Thereafter, additional nominations may be made by petition only. Ballots shall be mailed in December to all Members in categories for which there is a contested election and the ballots will be counted on January 19, 2011. The results shall be circulated before the Annual Meeting in February.

NFA is a membership organization. NFA Members have a voice in NFA's governance through the exercise of the right to suggest candidates and to nominate and elect individuals to serve on NFA's Nominating Committee and Board of Directors. The Nominating Committee relies heavily on the suggestions of the membership in making its nominating decisions. Please give this matter serious consideration and return your submission(s) to NFA no later than September 30, 2010.

Please return your submission(s) by mail or by fax to:

Thomas W. Sexton, III
Secretary
National Futures Association
300 South Riverside Plaza, Suite 1800
Chicago, Illinois 60606
(Fax: 312-781-1672)

Should you have any questions, please contact Tom Sexton at (312) 781-1413.


ELECTED BOARD AND NOMINATING COMMITTEE MEMBERS WHOSE TERMS WILL EXPIRE AT THE 2011 ANNUAL ELECTION

BOARD OF DIRECTORS
(Directors may succeed themselves)

FCMs (Top Ten)
W. Robert Felker
Chairman
JPMorgan Futures, Inc.

FCMs (Other)
Maureen C. Downs
President
Rosenthal Collins Group LLC

Christopher K. Hehmeyer
Non-executive Chairman
Penson GHCO

William F. McCoy
Managing Director
Morgan Stanley

IB (Independent)
John A. Vassallo
President
Coquest Incorporated

CPO/CTAs
Bruce L. Cleland
Vice Chairman
Campbell & Company, Inc.

George E. Crapple
Co-Chairman and Co-Chief Executive Officer
The Millburn Corporation

NOMINATING COMMITTEE
(Nominating Committee members may NOT succeed themselves)

FCM
Michael A. Di Benedetto
Principal
Merrill Lynch Pierce Fenner & Smith, Inc.

IB
Robert (Buck) Haworth
Chief Executive Officer
Born Capital Financial Services LLC

CPO/CTA
Joseph F. Esposito
Senior Vice President
Blenheim Capital Management, L.L.C.

NFA'S BOARD OF DIRECTORS

Composition of Board of Directors:

1. Eight (8) FCM Representatives - At least two (2) from top ten FCMs based on the total amount of segregated funds and secured amounts as of June 30 preceding the election and at least two (2) from FCMs that are not ranked as top ten FCMs.

2. One (1) IB Representative - Independent.

3. One (1) IB Representative - Guaranteed.

4. Four (4) CPO/CTA Representatives - At least two (2) affiliated with either CPOs or CTAs that are ranked in the top 20% of funds under management allocated to futures.

5. No more than five (5) Contract Market Representatives.

6. Seven (7) Public Directors.

Open Positions on the Board of Directors in the 2011 Member Election:

Four (4) open positions for FCM Representatives who may be affiliated with either a top-ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election or an FCM which is not ranked as a top ten FCM.

One (1) open position for a Independent IB Representative.

Two (2) open positions for CPO/CTA Representatives, at least one of which must be affiliated with either CPOs or CTAs that are ranked in the top 20% of funds under management allocated to futures.

NFA'S NOMINATING COMMITTEE

Composition of Nominating Committee:

1. Three (3) FCM Representatives - At least one (1) representative from a top ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election and at least one (1) representative from an FCM not ranked as a top ten FCM.

2. Three (3) IB Representatives - At least one (1) representative from an Independent IB and at least one (1) representative from a Guaranteed IB.

3. Three (3) CPO/CTA Representatives - At least one representative acting primarily as a CPO and at least one representative acting primarily as a CTA.

Open Positions on the Nominating Committee in the 2011 Member Election:

One (1) open position for an FCM Representative who may be from either a top ten FCM based on the total amount of segregated funds and secured amounts as of June 30 preceding the election or an FCM that is not ranked as a top ten FCM.

One (1) open position for an Independent IB Representative.

One (1) open position for a CPO/CTA Representative who is acting primarily as either a CPO or a CTA.

SUBMISSION TO NFA NOMINATING COMMITTEE

Printable version of Suggestion for Nomination

SUGGESTION FOR NOMINATION*

Name of Individual Being Suggested:
________________________________________________________________________________

Suggested for Nomination to:
______ Board of Directors
______ Nominating Committee

NFA Member Firm with Which Suggested Individual is Affiliated:
________________________________________________________________________________

Firm's Membership Category: _____FCM   _____IB   _____CPO/CTA

Individual's Title:
________________________________________________________________________________

Business Address:
________________________________________________________________________________
________________________________________________________________________________

Telephone:
______________________________

Email, if known:
______________________________

Name of Person Making Suggestion:
___________________________________________________

On behalf of:
___________________________________________________
(NFA Member Firm)

Your Business Telephone:
______________________________

Email:
______________________________

Thank you for your submission. NFA will contact the individual you suggested to confirm his/her willingness to serve and to obtain biographical information that will be forwarded to the Nominating Committee.

* Please complete a separate form for each individual suggested. This form may be photocopied.
Please return your submission(s) to NFA no later than September 30, 2010, by mail or fax to:

Thomas W. Sexton, III
Secretary
National Futures Association
300 South Riverside Plaza, Suite 1800
Chicago, IL 60606
(Fax: 312-781-1672)

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