Arbitration Statistics

As of June 30, 2018


Cases Filed
Calendar Year Customer1 Member2 Total
2018 13 4 17
2017 26 2 28
2016 32 1 33
2015 39 7 46
2014 21 8 29

 

Cases Closed
Calendar Year Customer Member Total
2018 11 3 14
2017 30 0 30
2016 23 4 27
2015 32 6 38
2014 40 6 46

 

Turnaround Time (in months)
Calendar Year Oral Hearings Summary Proceedings3 Overall4
20185 18 N/A 9.6
2017 12 7 6
2016 13 7 6
2015 13.9 6.4 5.1
2014 15.5 6.6 6.7

 

Number of Closed Cases by Reason6
Calendar Year Oral Hearings Summaries All Settlements Other7
2018 4 0 4 5 5
2017 4 5 9 9 12
2016 3 1 4 15 8
2015 2 3 5 16 17
2014 4 6 10 22 14

 

Percentage of Closed Cases by Reason
Calendar Year Hearings Settlements Other8
2018 28% 36% 36%
2017 30% 30% 40%
2016 15% 55% 30%
2015 13% 42% 45%
2014 22% 48% 30%

 

Awards in Customer Cases
Calendar Year Total Awards9 Awards to Customers10 Average % of Compensatory Claim11
2018 1 0 N/A
2017 9 6 44%
2016 4 0 N/A
2015 4 2 87%
2014 5 3 12%



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4 This is all closed cases, including cases that settle and those that are rejected, withdrawn, or terminated for other reasons.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 2018 closed cases include two separate groups of cases that—at the request of the parties—were each consolidated. Consolidated cases involve multiple parties and representatives, which can cause scheduling delays leading to longer-than-average turnaround times.

6 All cases - Customer and Member.

7 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

8 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

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

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

11 Only in cases where customers received an award.