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Intro to FIA
FIA’s core constituency is the intermediary, and the primary focus of the Association is exchange-traded derivatives.
FIA’s regular members represent 90% of the customer business conducted on U.S. futures markets and, with their affiliates, a significant portion of the U.S. customer business executed on non-U.S. markets.
Approximately 50% of FIA’s revenues come from regular member dues.
The principal objectives of the FIA are to:
Represent industry views before Congress
Seek regulatory relief for exchanges and intermediaries in the U.S. and abroad
Promote global futures business regardless of location
Assure that the financial integrity of the markets, clearinghouses, and clearing members is always considered
Educate and inform market participants, the press, regulators, and legislative bodies
Cross-Border, Cross-Market Reach
FIA provides a forum for futures and options professionals from around the world to share information and concerns about the global futures industry. FIA works to facilitate cross-border trading, monitor and provide input to international regulators, advise new markets, and work toward standardization of practices and policies to create greater efficiency in cross-border trading. The FIA takes on international projects such as the development of recommendations to enhance the protection of assets of market participants wherever they are trading, and collecting information on rules, technology, and system design of international exchanges.
Washington Representation
The FIA serves as an effective liaison between the industry and Congress, the Commodity Futures Trading Commission and other regulators whose activities affect the derivatives markets.
Over the years, FIA has fought against user fees, worked to lift regulatory burdens and protect the interests of FCMs and their customers. FIA represents the interests of both institutional and retail customers. FIA staff monitors legislative and regulatory developments, attends CFTC meetings and Congressional hearings, testifies before Congress and regulators and writes comment letters on proposed rules and other issues that impact the industry.
We bring our members together to present a strong, unified voice on topics of concern in Washington. FIA is frequently called on by regulators and Congressional representatives to provide the industry perspective on issues under consideration.
FIA Membership
Regular members of the FIA are brokerage firms. Many of FIA’s members are global players representing global clients in global markets. FIA works to facilitate cross-border trading, monitor and provide input to international regulators, advise new markets, and work toward standardization of practices and policies to create greater efficiency in cross-border trading. The FIA takes on international projects such as the development of recommendations to enhance the protection of assets of market participants wherever they are trading, and collecting information on rules, technology, and system design of international exchanges.
Associate members include international exchanges and clearinghouses, banks, legal and accounting firms, introducing brokers, commodity trading advisors, commodity pool operators and other market users, and information and service providers headquartered in the U.S. and abroad.
Divisions
FIA divisions are a vital component of the FIA. They give members the opportunity to discuss common issues, exchange ideas, give input to the FIA board, exchanges and other regulatory and self-regulatory bodies, and network with peers. Division initiatives bring industry professionals together to find solutions for common problems. Divisions also support FIA efforts at the international level. FIA divisions meet in New York, Chicago, London and Tokyo. Any employee of a member firm is eligible to join a division for a small annual membership fee.
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