Futures and Options Association

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Futures and Options Association
Image:FOA_logo.gif
Founded 1993
Headquarters London
Products Advocacy association for futures (and options) industry, reports, publications, conferences
Web site http://www.foa.co.uk

The Futures and Options Association (FOA), is the main industry association for the European derivatives sector, with membership drawn from banks and financial institutions, brokers, commodity trading houses, energy market participants, fund managers, exchanges, clearing houses, systems providers, lawyers, accountants and consultants.

Contents

History

The London-based FOA was formed in 1993 following an initiative by the Bank of England and a number of futures industry participants to consolidate the fragmented landscape of trade associations.

A formation committee started work in October 1993 with 100 founder members under the chairmanship of Sir Brian Williamson, a former chairman of Liffe, appointing Michael Jenkins as chairman. The new organization aimed to combine the membership and aims of organizations including the Commodities Traders Group, the London Markets Action Group, the UK Managed Futures Association, the Clearing & Settlement Association and the Joint Exchanges Committee.

The globalization of the derivatives business has seen the FOA establish closer ties with the Futures Industry Association, formalized in September 2007, with an agreement to form joint committees and reciprocal access to board meetings.[1]

Leadership

Anthony Belchambers, CEO

Board Members

Special Advisor

Membership

The main role of FOA is to represent the interests of its members in the public and regulatory domain and deliver a wide range of support services to the membership. The organization:

  • Helps raise public awareness and understanding of the futures and options industry and;
  • Produces standardized industry documentation, publications and guidelines.

Publications and Events

The FOA organizes the annual International Derivatives Week in London, in partnership with the FIA. The association hosts training seminars and publishes a range of industry newsletters, such as FOA Update, as well as topic-specific updates on regulatory matters.

In mid-2008, the FOA recruited consultancy Oxera to probe plans by IntercontinentalExchange (ICE) and Liffe to establish clearinghouses in Europe as part of a larger investigation into the exchange clearing business in the region.[4]


References

  1. Press Release. FOA. Retrieved on January 22, 2008.
  2. Press Release. FOA. Retrieved on January 3, 2008.
  3. Press Release. FOA. Retrieved on May 1, 2008.
  4. Industry Association to Probe Exchange Clearing. FinExtra. Retrieved on June 19, 2008.

External Links

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