NFA s arbitration forum is generally cheaper, faster, and less formal than civil litigation or other dispute resolution forums. In 1991, NFA incorporated mediation into the early stages of the arbitration process, giving the parties more control over the outcome of their dispute.
Arbitration is an adversarial process.
Mediation is a settlement process. Parties don t win or lose in mediation. Instead, they work together to find a solution they can both live with. The mediator does not decide who is right. The mediator also does not decide who pays or how much only the parties can do that.