NFA recommends assessment fee cut
National Futures Association (NFA) plans to reduce assessment fees to its ever lowest level and its eighth cut in nine years.
NFAs board of directors will consider a recommended reduction of its assessment fee to $0.01 per side from $0.02 per side for futures and options in a 15 November meeting. If approved by both the board and Commodity Futures Trading Commission, the changes will become effective on 1 January, 2008.
The executive committee felt, based on recent trends in public trading volume growth, that this fee reduction may be sustainable for at least two years, NFA said in a notice to members.
Obviously, the trend in trading volume may change. In the event that public trading volume is greater than expected, the Executive Committee may recommend another reduction in the fee. If trading volume is lower than projected, however, the Committee may recommend an increase in the fee at some point in the future.Found this useful?
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