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For Immediate Release
February 22, 2008

For more information contact:
Karen Wuertz (312) 781-1335,
Larry Dyekman (312) 781-1372,

NFA announces Board of Directors election results

February 22, Chicago - The Board of Directors of National Futures Association (NFA) has elected W. Robert Felker, chairman of J.P. Morgan Futures Inc., to serve a one-year term as chairman and Christopher K. Hehmeyer, chief executive officer at Penson GHCO, as vice-chairman.

In addition, the Board elected the following individuals to serve two-year terms as public directors: Douglas E. Harris, managing director of Promontory Financial Group LLC; Todd E. Petzel, chief investment officer for Offit Capital Advisors LLC; and Susan M. Phillips, dean of the School of Business at George Washington University.

The Board also elected the following individuals to serve one-year terms on NFA's Executive Committee: Mark G. Bagan, Minneapolis Grain Exchange; Bruce Cleland, Campbell and Company; George E. Crapple, The Millburn Corporation; Paul Georgy, Allendale, Inc.; Christopher Hehmeyer; Todd E. Petzel; John F. Sandner, CME Group; and Michael R. Schaefer, Citigroup Global Markets, Inc. Mr. Felker and NFA President Dan Roth also serve on the Executive Committee.

The following individuals were elected by their membership categories to serve two-year terms on the Board of Directors:
Futures Commission Merchants: Gerald F. Corcoran, R. J. O'Brien & Associates; Scott A. Cordes, Country Hedging, Inc.; Thomas A. Kloet, Fimat USA Inc.; Michael R. Schaefer, Citigroup Global Markets Inc.
Introducing Brokers: Paul J. Georgy, Allendale, Inc.
Commodity Pool Operators and Commodity Trading Advisors: Craig Caudle, Liberty Funds Group, Inc.; Robert E. Murray, Graham Capital Management LP.

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.

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