NFA Notice to Members: NFA's BASIC System - Public Display of FCM Financial Information

The NFA has announced changes to NFA's BASIC system in order to comply with NFA Financial Requirement Section 16 (which became effective on September 1) and provisions set by NFA's August Board Meeting.

Section 16 requires FCMs to submit certain financial related information to NFA on a monthly, semi-monthly and daily basis. At its August meeting, NFA's Board of Directors determined that in order to assist customers in their due diligence review of an FCM, certain FCM financial data should be made publicly available on NFA's website. NFA's Board determined that the best way to display this information is on an FCM-by-FCM basis through NFA's BASIC system. Accordingly, new sections will be added to each FCM's BASIC page to disclose certain financial related information which afford the public to access from each FCM's BASIC page to three separate FCM Reports: FCM Capital, FCM Customer Segregated Funds, and FCM Customer Secured Funds.

Click here to view notice in full (links externally to NFA website).