The Futures Industry Association is a trade association for futures commission dealers, trading advisors, and banks in the US, Asia, and Europe. It provides information, lobbying, and educational resources to its members and monitors legal and regulatory developments.
The Futures Industry Association is a trade association comprised of futures commission dealers, trading advisors, and banks operating in the futures markets of the United States, Asia, and Europe. Futures commission traders are similar to stockbrokers in that they accept orders and payments for commodity futures. Established in 1955, the Future Industry Association was created to serve as a type of forum for various ideas and discussions about the industry of the future. This association helps provide information to its members on various relevant topics through a variety of publications and conferences. The Future Industry Association also lobbies various regulatory bodies and exchanges laws and regulations that will benefit its members. Since its inception, it has helped promote fair trade and prevent the abuse of market regulations.
The association’s regular membership is comprised entirely of futures commission traders, while associate members include US and international exchanges and clearing houses, legal and accounting firms, and banks. Additional Associate Members include Commodity Trading Advisors, Introducing Brokers and Commodity Group Traders, as well as various service and information providers located around the world. According to the Futures Industry Association, its regular members account for more than 80% of all customer trading transactions that take place on US futures exchanges.
The Futures Industry Association was first established in New York in 1955 as the Association of Commodity Exchange Companies to provide a forum for discussion and a means to improve the overall operating efficiency of the futures industry in the United States. Joined. In 1973, the association expanded in an effort to also include Chicago-based futures commission dealers. The association moved its headquarters to Washington DC in 1978 and became known as the Industry Association of the Future. In recent years, the association has expanded its global presence by establishing operations in both Asia and Europe.
The Futures Industry Association frequently serves as a type of liaison between its members and the US Congress, the Commodity Futures Trading Commission (CFTC), and other regulators whose policies and decisions may affect the futures industry. Association staff members monitor all relevant legislative and regulatory activities, and also attend CFTC meetings and congressional hearings. The association’s Law and Compliance Division is responsible for monitoring any legal or regulatory developments that may affect the futures industry.
In addition, the association offers its members many different types of educational resources and training. The association also publishes Futures Industry Magazine six times a year for futures professionals, brokerage firm managers, members of Congress, and active individual, institutional, and corporate traders. The Board of Directors of the Future Industry Association holds elections in March of each year at its annual meeting.
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