The U.S. National Futures Association (NFA) said on Wednesday it would hike its fees as the coffers of the agency that regulates the futures and swaps industry need money to fund its operations without compromising the quality of services.

The Chicago-based regulator said that effective January 1, 2018 it would double the fee it raises on futures contracts, and options on futures contracts, from currently $0.01 to $0.02 for each side of the trade.

The latest hike marks only the fourth time in NFA’s 31-year history that it has increased the fee. Conversely, the regulator has decreased the fee nine times during ... (read more)