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December 4, 2007
For more information contact:
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
National Futures Association to reduce assessment fees in 2008
December 4, Chicago - National Futures Association (NFA) announced today that it will decrease the assessment fees it levies on futures contracts and options on futures contracts traded on behalf of public customers from $.02 to $.01 per side (futures and options on futures contracts). The new rate, which becomes effective January 1, 2008, is the lowest assessment fee in NFA's history and the eighth reduction in the fee in the last nine years.
"NFA's mission has always been to operate as cost-effectively as possible," says NFA President Dan Roth. "The increase in trading volume that has occurred over the past few years has given us the opportunity to lower the assessment fee rate while continuing to deliver efficient regulatory programs and services."
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.