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Is an ECM subject to fees charged per contract by the National Futures Association (NFA)?

April 26, 2017Association charged contract ECM fees Futures National nfa Subject

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Is an ECM subject to fees charged per contract by the National Futures Association (NFA)?

1 Answer

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No. ECM-Hs and ECM-Ws are considered members of the Exchange; thus no NFA fee will be applicable for the firms’ CME trading activity. Further, as ECM-Hs receive the ECM-W discounted rate for out-of-division electronic trades, such out-of-division trades will also not be subject to NFA fees.