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Arbitration Statistics

As of December 31, 2023

Cases Filed

Calendar Year	Customer^*	Member^**	Total
2023	7	0	7
2022	20	1	21
2021	19	3	22
2020	45	4	49
2019^***	319	4	323

^* These are cases where at least one party is a public customer.

^** These are primarily cases between and among NFA Members and Associates. None of them involve public customers.

^*** The total Customer Claims filed in 2019 includes a group of 250 related claims filed by Customers and Members.

Calendar Year	Customer	Member	Total
2023	85	4	89
2022	77	2	79
2021	31	4	35
2020	88	3	91
2019	40	3	43

Calendar Year	Oral Hearings	Summary Proceedings*	Overall**
2023	43	0	43
2022	37	0	27
2021	23	9	9
2020	20	6.9	8.3
2019	N/A	8	4

* Summary proceedings are decided without an oral hearing and are based on the pleadings and exhibits submitted by the parties.

** This is all closed cases, including cases that settle and those that are rejected, withdrawn, or terminated for other reasons.

Calendar Year	Oral Hearings	Summaries	All	Settlements	Other**
2023	23	0	23	61	5
2022	24	0	24	41	14
2021	4	2	6	12	17
2020	1	1	2	47	42
2019	0	2	2	12	49

* All cases - Customer and Member.

** These are cases that are rejected, withdrawn, or terminated for other reasons (e.g., bankruptcy).

Calendar Year	Hearings	Settlements	Other
2023	26%	68%	6%
2022	30%	52%	18%
2021	17%	34%	49%
2020	2%	52%	46%
2019	5%	28%	68%

Calendar Year	Total Awards*	Awards to Customers**	Average % of Compensatory Claim***
2023	17	0	N/A
2022	24	8	30%
2021	5	1	84%
2020	2	0	N/A
2019	1	1	32%

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

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

*** Only in cases where customers received an award.