What is Futures Industry Association?

Futures Industry Association is a business association made up of Futures Commission, Business Advisers and Banks operating in the United States, Asian and European Futures markets. Futures Commission merchants are similar to the stock because they accept orders and payments for futures for commodity. The Futures Industry Association was created in 1955 to serve as a type of forum for various ideas and discussion on the sectors. This association helps to provide information to its members about various relevant topics through various publications and conferences. The Futures Industry Association also lobbies various regulators and exchanges for laws and regulations that will benefit its members. Since its foundation, he has helped support fair trade and prevent abuse of market regulations.

Regular membership of the Association is composed solely of Futures merchants, while association members include the US and International Clearinghouse and Exchange, Legal and Accounting Companies and Banks. Other associated members include consultants for trading commodities, brokers and commodity funds, as well as various service and information providers found around the world. According to Futures Industry Association, its ordinary members represent more than 80% of all transactions with customers that take place on Futures in the US.

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Futures Industry Association was first founded in New York in 1955 as an Association of Commodity Burzovní Companies to provide a discussion forum and means to improve the overall operating efficiency of Futures in the US in 1973. The Association moved its headquarters to Washington D.C. in 1978 and became known as the futures Association Association. In recent years, the Association has expanded its global presence by establishing operations in Asia and Europe.

Association of Futures IndustryIt often serves as a type of connection between its members and the American Congress, Commission for Commodity Futures (CFTC) and other regulators whose policies and decisions can affect the futures industry. The Association's employees monitor all relevant legislative and regulatory activities and participate in CFTC meetings as well as congress hearing. The division of the rights and compliance with the Association regulations is responsible for monitoring any legal or regulatory development that may affect futures.

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 managers, congress members and Activee individual, institutional and corporate traders. The Board of Directors of the Futures Industry Association organizes elections in March every year at their annual meeting.