US brokers to submit daily trading reports

Who wouldn't want to put their hands on these documents? I hope that one day NFA will publish these reports or at least some excerpts.

Notice I-10-30 December 22, 2010

Effective Date of NFA Compliance Rule 2-48 - Forex Dealer Member Trade Reporting System

NFA Compliance Rule 2-48, which requires Forex Dealer Members (FDMs) to submit a daily electronic report of daily trade information to NFA, will become effective February 4, 2011. FDMs are required to prepare the report as of 5:00 PM EST and file it with NFA by 11:59 PM EST that same day. During the submission process, the FDM must certify that the report is true and complete. Prior to the effective date, FDMs are required to submit at least three consecutive sets of files with no errors to ensure that the firm can be validated via the system. Starting February 4, 2011, each daily report that is filed after it is due shall be accompanied by a late fee of $200 for each business day that it is late.

More information about NFA Compliance Rule 2-48 can be found in NFA's September 7, 2010 Submission Letter to the CFTC.