On November 29, the National Futures Association (NFA) proposed an amendment to NFA Bylaw 1301(e) to reduce assessments for each order segment fee a Forex Dealer Member (FDM) submits to NFA’s Forex Transaction Reporting Execution Surveillance System (FORTRESS). Currently, each FDM is required to pay an assessment of $.004 on each order segment submitted to FORTRESS. NFA has proposed lowering the assessment to $.003, and such proposal may become effective as early as 10 days after receipt of the submission by the Commodity Futures Trading Commission (CFTC).

The NFA rule submission is available here.