Monday, February 25, 2013
Futures Trader Alert #2013 - 1
NFX Announces New Permit Structure Effective March 1, 2013
What you need to know:
What has been announced?
Effective Friday, March 1, 2013, NASDAQ OMX Futures ExchangeSM (NFXSM) will adopt a permit structure. In order to trade on NFX, Futures Participants are required to apply for a permit.
What is the cost of membership?
Permit fees will remain unchanged. Futures Participants will be assessed a Permit Fee of $100 per annum and a Regulatory Fee of $175 per month, provided no exemption is obtained.
What are current NFX members required to do?
All current NFX members will be issued a permit and are required to provide the Exchange with a list of all Authorized Traders and to keep that list updated.
Where can I find additional information?
Contact NASDAQ OMX Options and Futures Market Operations at +1 800 846 0477 (Option #2).
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