Floor Broker (FB) Registration
A floor broker (FB) is an individual who purchases or sells any futures contracts, options on futures or swaps on any contract market for any other person.
A registered FB need not also register as a floor trader (FT) in order to engage in activity as a floor trader.
Registration Requirements for FBs
An FB is required to file the following:
- Add yourself as the Security Manager in order to obtain secure access to NFA's Online Registration System (ORS)
- Complete online Form 8-R
- Submit fingerprint cards
- Submit proof from a contract market or swap execution facility (SEF) that you have been granted trading privileges. The contract market or SEF may provide proof in ORS after the application has been filed.
- Pay non-refundable application fee of $85. (An application fee is not required if you are currently registered with the CFTC in any capacity or is listed as a principal of a current CFTC registrant.)