Arbitration Statistics
As of March 31, 2017
Cases Filed
Calendar Year | Customer1 | Member2 | Total |
2017 | 12 | 0 | 12 |
2016 | 32 | 1 | 33 |
2015 | 39 | 7 | 46 |
2014 | 21 | 8 | 29 |
2013 | 43 | 5 | 48 |
2012 | 71 | 10 | 81 |
Cases Closed
Calendar Year | Customer | Member | Total |
2017 | 11 | 0 | 11 |
2016 | 23 | 4 | 27 |
2015 | 32 | 6 | 38 |
2014 | 40 | 6 | 46 |
2013 | 47 | 9 | 56 |
2012 | 97 | 8 | 105 |
Turnaround Time (in months)
Calendar Year | Oral Hearings | Summary Proceedings3 | Overall4 |
2017 | 0 | 7.3 | 5.9 |
2016 | 13 | 7 | 6 |
2015 | 13.9 | 6.4 | 5.1 |
2014 | 15.5 | 6.6 | 6.7 |
2013 | 9.5 | 6.2 | 6.7 |
2012 | 16.8 | 7.1 | 6.7 |
Number of Closed Cases by Reason5
Calendar Year | Oral Hearings | Summaries | All | Settlements | Other6 |
2017 | 0 | 4 | 4 | 4 | 3 |
2016 | 3 | 1 | 4 | 15 | 8 |
2015 | 2 | 3 | 5 | 16 | 17 |
2014 | 4 | 6 | 10 | 22 | 14 |
2013 | 10 | 4 | 14 | 21 | 21 |
2012 | 14 | 8 | 22 | 35 | 48 |
Percentage of Closed Cases by Reason
Calendar Year | Hearings | Settlements | Other7 |
2017 | 36% | 36% | 28% |
2016 | 15% | 55% | 30% |
2015 | 13% | 42% | 45% |
2014 | 22% | 48% | 30% |
2013 | 25% | 38% | 37% |
2012 | 21% | 33% | 46% |
Awards in Customer Cases
Calendar Year | Total Awards8 | Awards to Customers9 | Average % of Compensatory Claim10 |
2017 | 4 | 1 | 18% |
2016 | 4 | 0 | N/A |
2015 | 4 | 2 | 87% |
2014 | 5 | 3 | 12% |
2013 | 11 | 4 | 48% |
2012 | 17 | 6 | 65% |
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4 This is all closed cases, including cases that settle and those that are rejected, withdrawn, or terminated for other reasons.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6 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).
7 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).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.