National Futures Association
National Futures Association is a United States self-regulatory organization for derivatives.
What is the difference between arbitration and mediation?
“Arbitration is an adversarial process where an independent third party (an arbitrator or a judge) decides who is right, who pays, and how much. Mediation is a settlement process where parties do not win or lose. Instead, they work together to find a solution they can both accept.”
View in the company profileWhat is NFA's role in the arbitration process?
“NFA provides the forum for the resolution of the disputes, and therefore, must maintain a neutral role. NFA staff is available to answer the parties' procedural questions and act as the liaison between the parties and arbitrators.”
View in the company profileWhere does NFA hold summary proceedings and oral hearings?
“If the case is a summary proceeding, NFA will generally hold the summary in the home state of the customer. For oral hearings, NFA will generally hold the hearing in a city of the customer's choice or one mutually agreed to by the parties.”
View in the company profileHow do I know if NFA will conduct a summary proceeding or oral hearing?
“The claim amount dictates whether NFA will conduct a summary proceeding or oral hearing. In both customer and Member cases, for claim amounts that do not exceed $50,000.00, NFA will generally conduct a summary proceeding.”
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