Futures Industry Association
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| Industry | Finance |
|---|---|
| Founded | 1955 |
| Headquarters | Washington, DC, U.S. |
| Website | https://fia.org |
FIA (formerly the Futures Industry Association) is a trade association representing the cleared derivatives industry. Its membership base is made up futures commission merchants, which are financial intermediaries analogous to brokers; they are entities that accept orders and payment for commodity futures for execution on a futures exchange. FIA's membership includes more than more than 15,000 industry professionals and market participants representing clearing firms, exchanges, clearinghouses, trading firms and commodities specialists as well as technology vendors, lawyers and other professionals serving the industry. FIA's membership is responsible for an estimated 85% of the customer business transacted on US futures exchanges. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct.
FIA is a global organization representing futures, options and cleared swaps markets. FIA has regional offices in the Americas, Europe and Asia and its membership spans more than 48 countries.
FIA has 2 types of members: Primary Members are limited to clearing members that hold customer funds and thus contribute substantially to the safety and soundness of the market infrastructure. Associate Members of FIA support the overall ecosystem of the cleared derivatives markets, including clearing organizations, exchanges, global and regional intermediaries, principle trading firms, technology vendors, legal services and other professional service providers.
FIA has 3 divisions and 9 working groups and committees that focus in depth on policy work and best practices on a range of industry concerns.
The FIA Market Technology Division studies how technological solutions can be used to enhance efficiency in member operations and provides a forum for discussion and knowledge-sharing. Members may participate in various committees including Automated Trading, Business Continuity Management, Market Access, Events & Communications, Financial Regulation/ Operations & Risk Management, and Technology Standards & Sound Practices committees.
The FIA Operations Americas Division promotes industry cooperation and the exchange of ideas among members in Chicago and New York and across the Americas. The division attracts executives from all areas of brokerage firms as well as exchanges, industry service providers, law firms, and technology vendors. Five active committees meet on a regular basis: brokerage, clearing, deliveries, finance, and events/activities.
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