Arbitration Statistics

As of December 31, 2017


Cases Filed
Calendar Year Customer1 Member2 Total
2017 26 2 28
2016 32 1 33
2015 39 7 46
2014 21 8 29
2013 43 5 48

 

Cases Closed
Calendar Year Customer Member Total
2017 30 0 30
2016 23 4 27
2015 32 6 38
2014 40 6 46
2013 47 9 56

 

Turnaround Time (in months)
Calendar Year Oral Hearings Summary Proceedings3 Overall4
2017 12 7 6
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

 

Number of Closed Cases by Reason5
Calendar Year Oral Hearings Summaries All Settlements Other6
2017 4 5 9 9 12
2016 3 1 4 15 8
2015 2 3 5 16 17
2014 4 6 10 22 14
2013 10 4 14 21 21

 

Percentage of Closed Cases by Reason
Calendar Year Hearings Settlements Other7
2017 30% 30% 40%
2016 15% 55% 30%
2015 13% 42% 45%
2014 22% 48% 30%
2013 25% 38% 37%

 

Awards in Customer Cases
Calendar Year Total Awards8 Awards to Customers9 Average % of Compensatory Claim10
2017 9 6 44%
2016 4 0 N/A
2015 4 2 87%
2014 5 3 12%
2013 11 4 48%



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4 This is all closed cases, including cases that settle and those that are rejected, withdrawn, or terminated for other reasons.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6 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

7 These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).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