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Futures Industry Association

12 bytes removed, 12:52, 11 August 2017
Regular members account for more than 80 percent of customer business transacted on U.S. futures exchanges.<ref>{{cite web|org=FIA|name=Press Release|url=|date=November 4, 2007}}</ref>
The global management team includes regional representatives from each region. [[Walt Lukken]] serves as global president and CEO of the organization. [[Simon Puleston Jones]] serves as head of Europe and [[Bill Herder]] is head of Asia. Functional heads lead the advocacy, legal, operations and finance teams.
Affiliates of FIA are [[FIA European Principal Traders Association]] (FIA EPTA), [[FIA Japan]], [[FIA Principal Traders Group]] (FIA PTG), [[FIA Technology Services]] and the [[Institute for Financial Markets]] (IFM).<ref>{{cite web|org=FIA|name=FIA Affiliates|url=|date=August 11, 2017}}</ref>
== History ==
FIA was founded in New York in 1955 as the Association of Commodity Exchange Firms to provide a discussion forum and means for improving the operating efficiency of the U.S. futures industry, as well as an educational and informational interface with the public. The association expanded in 1973 to include Chicago-based [[FCMs]] and changed its name to Futures Industry Association in 1978, relocating to Washington D.C.<ref>{{cite web|url=|name=Futures industry in USA and the role Chicago plays- Jerry Cedicci-Robin Trehan|org=PRLog|date=December 12, 2008}}</ref>
While continuing to focus on domestic issues, such as [[Commodities Futures Trading Commission]] reauthorization and industry consolidation - including a high-profile stance in the merger of the [[Chicago Mercantile Exchange]] and the [[Chicago Board of Trade]]<ref>{{cite web|url=|org=FIA|name=Press Release|date=January 3, 2008}}</ref>, FIA has expanded its global reach, creating [[FIA Asia]] in 2006 and increasing co-operation with the European-focused [[Futures and Options Association]]<ref>{{cite web|url=|name=Press Release|org=FOA|date=January 3, 2008}}</ref> FIA's [[Futures Hall of Fame]], established in 2005, annually recognizes those who have made a mark on the industry.