Notices to Members

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Notice I-07-45

December 4, 2007

NFA assessment fee reduction will become effective on January 1, 2008

Effective January 1, 2008, NFA's assessment fee will be $.01 per side. The new rate is a 50% decrease from the current rate and the lowest level in NFA's history. It also marks the eighth reduction in the fee in the last nine years.

NFA's Board of Directors believes that, based on recent trends in public trading volume growth, this fee reduction may be sustainable for at least two years. In the event that public trading volume is greater than expected, the Board may recommend another reduction in the fee. If trading volume is lower than projected, however, the Board may recommend an increase in the fee at some point in the future.

For additional information, consult NFA's Interpretive Notice "NFA Bylaw 1301: NFA Assessment Fee Questions and Answers for FCMs" [hyperlink updated 11-10-2021] or contact NFA's Information Center at (800) 621-3570.

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