Types of Membership

The FIA is the primary industry association for centrally cleared futures and swaps. Its membership includes the world’s largest derivatives clearing firms as well as exchanges and clearinghouses from more than 20 countries. The FIA seeks to promote best practices and standardization in the cleared derivatives markets, provide policymakers with an informed perspective on the derivatives markets, and advocate for the interests of its members, its markets and its customers. The FIA strives to protect open and competitive markets, protect the public interest through adherence to high standards of professional conduct and financial integrity, and promote public trust and confidence in the cleared markets.

Regular members of the FIA are futures commission merchants. We estimate that our FCM members are responsible for more than 85 percent of the customer business transacted on U.S. futures exchanges. Through these members, we represent the needs of futures industry customers; in fact, our members include the top 20 firms in terms of customer equity. Both global brokerage firms and investment banks and specialty futures- only firms benefit from membership in the FIA.

Associate members include U.S. and 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.