Difference between revisions of "Futures Industry Association"

From MarketsWiki
Jump to: navigation, search
Line 135: Line 135:
  
 
== Membership ==
 
== Membership ==
FIA's membership<ref name="membership">{{cite web|url=http://www.futuresindustry.org/member-firms.asp|name=FIA Member Firms|org=Futures Industry Association|date=October 15, 2007}}</ref> includes nearly 250 corporate members.  Regular members are [[Futures Commission Merchant]]s. Associate members include U.S. and international [[exchange]]s and [[clearing house|clearinghouses]], banks, legal and accounting firms, [[Introducing Broker]]s, [[Commodity Trading Advisor]]s, [[Commodity Pool Operator]]s and other market users, and information and service providers headquartered in the US and abroad.
+
FIA's membership<ref name="membership">{{cite web|url=http://www.futuresindustry.org/member-firms.asp|name=FIA Member Firms|org=Futures Industry Association|date=October 15, 2007}}</ref> includes nearly 250 corporate members.  Regular members are [[futures commission merchant]]s. Associate members include U.S. and international [[exchange]]s and [[clearing house|clearinghouses]], banks, legal and accounting firms, [[introducing broker]]s, [[commodity trading advisor]]s, [[commodity pool operator]]s and other market users, and information and service providers headquartered in the US and abroad.
  
'''Regular members'''<ref name="membership" /> are [[futures commission merchant]]s.  
+
'''Primary members'''<ref name="membership" /> are only clearing members holding customer funds.  
  
{|cellpadding=1 cellspacing=15
+
'''Associate members'''<ref name="membership" /> are 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.  
|-
+
|
+
*[[ADM Investor Services]]
+
*[[Banc of America Securities LLC]]
+
*[[Barclays Capital Inc.]]
+
*[[BNP Paribas Commodity Futures, Inc.]]
+
*[[Cantor Fitzgerald]]
+
*[[Citigroup Global Markets Inc.]]
+
*[[Country Hedging, Inc.]]
+
*[[Credit Suisse Securities (USA), LLC]]
+
*[[Daiwa Securities America Inc.]]
+
*[[Deutsche Bank Securities Inc.]]
+
*[[Goldman Sachs & Co.]]
+
*[[HSBC Securities (USA) Inc.]]
+
*[[ICAP|ICAP North America Inc.]]
+
*[[Interactive Brokers LLC]]
+
*[[J.P. Morgan Futures Inc.]]
+
*[[Macquarie Futures USA Inc.]]
+
*[[McVean Trading and Investments LLC]]
+
|
+
*[[Merrill Lynch Pierce Fenner & Smith Inc.]]
+
*[[MF Global]]
+
*[[Mid-Co Commodities, Inc.]]
+
*[[Mizuho Securities USA Inc.]]
+
*[[Morgan Stanley]]
+
*[[Newedge Group]]
+
*[[Nomura Securities International, Inc.]]
+
*[[Penson GHCO]]
+
*[[Prudential Bache Commodities, LLC]]
+
*[[R.J. O'Brien & Associates, Inc.]]
+
*[[Royal Bank of Scotland Group Plc|RBS Securities Inc.]]
+
*[[State Street Global Advisors|State Street Global Markets, LLC]]
+
*[[TD Ameritrade]]
+
*[[UBS]]
+
*[[Vision Financial Markets LLC]]
+
*[[Wells Fargo Securities]]
+
|}
+
  
'''Associate members'''<ref name="membership" /> are U.S. and international exchanges and clearinghouses, banks, legal and accounting firms, [[introducing broker]]s, [[commodity trading advisor]]s, [[commodity pool operator]]s and other market users, and information and service providers headquartered in the U.S. and abroad.
+
A full list of associate members can be found [https://fia.org/node/1788/ here.]  
 
+
{|cellpadding=1 cellspacing=15
+
|-
+
|
+
*[[A J Leitner and Associates, LLC]]
+
*[[Align International, LLC]]
+
*[[Allen & Overy LLP]]
+
*[[Allston Trading LLC]]
+
*[[Alston & Bird LLP]]
+
*[[Arnold & Porter LLP]]
+
*[[Arthur Bell Certified Public Accountants]]
+
*[[Association Francaise des Marches Financiers]]- AMAFI
+
*[[Australia Securities Exchange/Sydney Futures Exchange]]
+
*[[Bank of America Merrill Lynch]]
+
*[[Barbara W. Bishop]]
+
*[[Belvedere Trading]]
+
*[[BGC Partners, Inc.]]
+
*[[Blau & Bonavich]]
+
*[[Blenheim Capital Management, LLC]]
+
*[[Bloomberg Tradebook LLC]]
+
*[[BM&F Bovespa]]
+
*[[BMO Capital Markets]]
+
*[[Bombay Stock Exchange]]
+
*[[Borsa Italiana SPA]]
+
*[[Boston Options Exchange Group, LLC]]
+
*Bourse de Montreal Inc.- [[Montreal Exchange]]
+
*[[BP Corporation North America, Inc.]]
+
*[[Brown Brothers Harriman & Co.]]
+
*[[Bunge]] Chicago, Inc.
+
*[[Bursa Malaysia]]
+
*[[Cadwalader Wickersham & Taft LLP]]
+
*[[Calypso Technology]]
+
*[[Campbell & Company Inc.]]
+
*[[CBOE Futures Exchange]]
+
*[[Chicago Board Options Exchange]]
+
*[[Chicago Climate Exchange]]
+
*[[Chicago Trading Company]]
+
*[[Cinnober Financial Technology]]
+
*[[Citadel Investment Group, L.L.C.]]
+
*[[Clearing Corporation, The (CCorp.)]]
+
*[[Cleary, Gottlieb, Steen & Hamilton]]
+
*[[Clifford Chance LLP]]
+
*[[CME Group]]
+
*[[Commodity Floor Brokers and Traders Association]]
+
*[[Connamara Systems, LLC]]
+
*[[Consolidated Trading]]
+
*[[Constellation Energy]]
+
*[[CQG, Inc.]]
+
*[[Crow & Associates]]
+
*[[D.E. Shaw & Co.]]
+
*[[Dalian Commodity Exchange]]
+
*[[Davis Polk & Wardwell]]
+
*[[Dechert LLP]]
+
*[[Deloitte & Touche LLP]]
+
*[[Dennis Murray]] - Consultant
+
*[[Dewey & Leboeuf]]
+
*[[Donald Horwitz Consulting]]
+
*[[DRW Holdings, LLC]]
+
*[[Dubai Mercantile Exchange]]
+
*[[Eagle Seven LLC]]
+
*[[ELX]]
+
*[[Endeavor Trading LLC]]
+
*[[Equinix, Inc.]]
+
*[[Eris Exchange]]
+
*[[Eurex]]
+
*[[Federated Investors Inc.]]
+
*[[FFastFill|FFastFill, P.L.C.]]
+
*[[Fidessa Group]]
+
*[[Fifth Third Bank]]
+
*[[Financial Futures Association of Japan]]
+
*[[Financial Markets Consulting LLC]]
+
*[[Foley & Lardner LLP]]
+
*[[Fried Frank Harris Shriver & Jacobson LLP]]
+
*[[Fulbright & Jaworski]]
+
*[[Futures Magazine]]
+
*[[FuturesPoint, Inc.]]
+
*[[G. H. Financials Limited]]
+
*[[Gator Trading Partners]]
+
*[[Geneva Trading]]
+
*[[GETCO]]
+
*[[GFI Group]]]
+
*[[Global Risk Corp.]]
+
*[[Grant Thornton LLP]]
+
*[[Gresham Capital Management]]
+
*[[Hard Eight Futures]]
+
*[[Harris N.A.]]
+
*[[Hong Kong Exchanges and Clearing Limited (HKEx)]]
+
*[[Hunt Consulting]]
+
*[[ICE Clear US, Inc.]]
+
*[[ICE Futures Canada, Inc.]]
+
*[[ICE Futures Europe]]
+
*[[ICE Future US]]
+
*[[IMC Chicago]]
+
*[[Infinium Capital Management]]
+
*[[Intellectual Property Exchange International]]
+
*[[Interactive Data 7ticks]]
+
*[[InterContinentalExchange, Inc.]]
+
*[[Intermarket Communications]]
+
*[[International Derivatives Clearing Group]]
+
*[[International Securities Exchange]]
+
*[[ION Trading]]
+
*[[Japan Commodity Futures Association]]
+
*[[Japan Federation of Commodity Exchanges Inc.]]
+
*[[John J. Lothian & Company, Inc.]]
+
*[[John W. Henry & Company, Inc.]]
+
*[[Jordan & Jordan]]
+
*[[JSE Securities Exchange]]
+
*[[K&L Gates LLP]]
+
*[[Kansas City Board of Trade]]
+
*[[Katten Muchin Rosenman LLP]]
+
*[[Ketchum trading]]
+
|
+
*[[Knight Capital]]
+
*[[Koch Industries, Inc.]]
+
*[[Korea Exchange]]
+
*[[Korea Financial Investment Association]]
+
*[[Lawrence, Kamin, Saunders & Uhlenhop, L.L.C.]]
+
*[[LCH.Clearnet Limited]]
+
*[[Liquidity Port LLC]]
+
*[[Mako Group]]
+
*[[Managed Funds Association]]
+
*[[Marex Financial Limited]]
+
*[[MarketAxess]]
+
*[[Marquette Partners]]
+
*[[McDermott Will & Emery LLP]]
+
*[[McGladrey & Pullen LLP]]
+
*[[MEFF]]
+
*[[Menaker & Herrmann LLP]]
+
*[[Mercado a Termino de Buenos Aires]] (MATba)
+
*[[Mercado Mexicano de Derivados]] ([[MexDer]])
+
*[[Millburn Ridgefield Corporation]]
+
*[[Minneapolis Grain Exchange]]
+
*[[Morgan, Lewis & Bockus LLP]]
+
*[[Moscow Interbank Currency Exchange]]
+
*[[Multi Commodity Exchange of India Ltd.]]
+
*[[NASDAQ OMX]]
+
*[[NASDAQ OMX Futures Exchange]] (formerly [[Philadelphia Board of Trade]])
+
*[[Nathan Law Office]]
+
*[[National Cattlemen's Beef Association]] (NCBA)
+
*[[National Commodity & Derivatives Exchange Limited]] (NCDEX)
+
*[[National Corn Growers Association]]
+
*[[National Economic Research Associates]] (NERA)
+
*[[National Futures Protection Fund]]
+
*[[National Stock Exchange of India Limited]]
+
*[[New York Mercantile Exchange]] (NYMEX)
+
*[[New York Portfolio Clearing]]
+
*[[Nico Holdings]]
+
*[[Nodal Exchange]]
+
*[[North American Derivatives Exchange (NADEX)]]
+
*[[Northern Trust Company]]
+
*[[NYSE Euronext]]
+
*[[NYSE Liffe]]
+
*[[Object Trading Pty]]
+
*[[Omgeo]]
+
*[[OneChicago, LLC]]
+
*[[OptionsCity Software]]
+
*[[Options Clearing Corporation]]
+
*[[Optiver US LLC]]
+
*[[Orc Software Inc.]]
+
*[[Patsystems]]
+
*[[Positive Equity Ltd.]]
+
*[[PricewaterhouseCoopers LLP]]
+
*[[Promontory Financial Group, LLC]]
+
*[[Proskauer Rose LLP]]
+
*[[Proxima Clearing]]
+
*[[RGM Advisors]]
+
*[[Rosario Futures Exchange (ROFEX)]]
+
*[[Ronald H. Filler & Associates, LLC]]
+
*[[RTS Realtime Systems]]
+
*[[Russell Investment Group]]
+
*[[Russian Trading System Stock Exchange]]
+
*[[Schiff Hardin LLP]]
+
*[[Shanghai Futures Exchange]]
+
*[[Shearman & Sterling LLP]]
+
*[[SG Americas]]
+
*[[Sidley Austin LLP]]
+
*[[Singapore Exchange]] Ltd.
+
*[[Singapore Mercantile Exchange]]
+
*[[Skadden, Arps, Slate, Meagher & Flom LLP]]
+
*[[SNR Denton]]
+
*[[Spot Trading]]
+
*[[SSARIS Advisors LLC]]
+
*[[Standard & Poor's]]
+
*[[Stikeman Elliott LLP]]
+
*[[Stroock & Stroock & Lavan LLP]]
+
*[[Sullivan & Cromwell LLP]]
+
*[[Sun Trading LLC]]
+
*[[SunGard]]
+
*[[Sutherland]]
+
*[[Swiss Futures and Options Association]]
+
*[[Taiwan Futures Exchange]]
+
*[[Teigland-Hunt & Associates]]
+
*[[Tellefsen and Company, L.L.C.]]
+
*[[Term Commodities Inc.]]
+
*[[Thailand Futures Exchange]]
+
*[[The LaSalle Technology Group LLC]]
+
*[[Tiberius Asset Management AG]]
+
*[[Tokyo Commodity Exchange]]
+
*[[Tokyo Financial Exchange Inc.]]
+
*[[Tokyo Grain Exchange]]
+
*[[Tokyo Stock Exchange, Inc.]]
+
*[[TradeForecaster Global Markets LLC]]
+
*[[TradeHelm, Inc.]]
+
*[[Trading Technologies]]
+
*[[TradingScreen Inc.]]
+
*[[Traditum Group LLC]]
+
*[[Traiana Inc.]]
+
*[[Tudor Investment Corporation]]
+
*[[Turkish Derivatives Exchange (TURKDEX)]]
+
*[[WH Trading]]
+
*[[West Monroe Partners]]
+
*[[Willkie Farr & Gallagher LLP]]
+
*[[WilmerHale]]
+
*[[Winston & Strawn LLP]]
+
*[[WTD Consulting, Inc.]]
+
*[[X-Change Financial Access, LLC]]
+
*[[XR Trading]]
+
*[[YJT Solutions, LLC]]
+
|}
+
  
 
==References==
 
==References==

Revision as of 03:12, 11 August 2017

FIA 546 2019 Expo Digital Ads-Final.jpg

Futures Industry Association
FIALogoNew.jpg
Founded 1955
Headquarters Washington D.C.
Products Advocacy association for futures (and options) industry, reports, publications, conferences
Key People Walt Lukken, President and CEO
Twitter @FIAconnect
LinkedIn Profile
Web site www.fia.org

The Futures Industry Association (FIA) is a U.S.-based industry advocacy and education organization, providing a range of products and support for members in domestic regulatory affairs and, increasingly, for the global futures and options industry.

The merger of FIA, FIA Europe and FIA Asia into a single organization took effect on January 8, 2016.[1]

The global management team includes representatives from each region. Walt Lukken serves as global president and CEO of the new 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.

FIA's primary members are futures commission merchants, while derivatives exchanges, individuals and other affiliated organizations are classed as associate members. Regular members account for more than 80 percent of customer business transacted on U.S. futures exchanges.[2]

The FIA Law & Compliance Division monitors legal and regulatory developments impacting the futures and derivatives industry.

In June of 2011, the FIA announced the formation of the FIA European Principal Traders Association, a forum established for firms that trade their own capital to identify and discuss issues confronting their trading community. The group works to define common positions on public policy issues, improve the public’s understanding of the constructive role played by principal trading groups in the exchange-traded markets and promote cost-effective, equal and transparent access to European markets.[3]

In June of 2013, the FIA announced an agreement in principle with the Futures and Options Association to form an affiliation of the two organizations under a new structure called FIA Global. This new structure is intended to enable the two associations to strengthen their influence on cross-border issues, increase coordination between regions, and express the views of FOA and FIA members. Both organizations will continue to operate with their own leadership and staff, separate boards of directors, and distinct membership.[4]

On August 27, 2015, the boards of FIA, FIA Europe and FIA Asia announced that they had agreed to formally merge the three associations in the first quarter of 2016.[5]

FIA has been a Contributor-level sponsor of MarketsWiki since 2008.

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.[6]

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[7], FIA has expanded its global reach, creating FIA Asia in 2006 and increasing co-operation with the European-focused Futures and Options Association[8] FIA's Futures Hall of Fame, established in 2005, annually recognizes those who have made a mark on the industry.

FIA also offers educational books and courses, ethics and anti-money training, and historical and static industry data through its affiliated nonprofit foundation, the Institute for Financial Markets or IFM.

Leadership

Board of Directors

Officers:

Board Members:

Advisory Boards:

Industry Advocacy

FIA serves as a liaison between the industry and Congress, the CFTC and other regulators whose activities affect the derivatives markets. 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.

In March of 2008, FIA published a white paper, "Market Participant’s Perspective: Status of Transaction (Clearing and Exchange) Fees on a Global Basis,"[9][10] prepared for FIA by Mark Connelly of SunGard.

In August of 2009, FIA submitted a response to the CFTC about a proposed rule making with respect to the Commission's determination to collect certain data through a new Ownership and Control Report (OCR).[11]

In September of 2009, John Damgard spoke to the House Committee of Agriculture on the proposed regulations in the OTC markets [12] and the FIA submitted their responses to the possible harmonization of the Securities Exchange Commission and the Commodity Futures Trading Commission. [13] The FIA also submitted to the Commodity Futures Trading Commission there perspective on the treatment of cleared only derivatives. [14]

Data and Publications

MarketVoice is published bimonthly, except July and August by FIA for brokerage firm management, futures professionals, active corporate, institutional and individual traders, members of Congress and their staffs, regulatory officials, and domestic and international press.[15]

FIA collects and compiles daily trading volume and open interest data on all domestic and international futures, options on futures and stock indexes, interest rate and currency contracts traded on U.S. securities exchanges. Reports on volume and open interest are made available to FIA members and other industry participants.

In addition to monthly statistics, the volume report includes comparisons with previous year and year-to-date figures. The information is compiled both by exchange and by commodity group, highlighting significant changes. Each January, FIA creates a year-end report which provides information by commodity group for five years and graphically provides more than 20 years of data.

Industry Events

FIA hosts a number of annual and single-session events and conferences in cities around the world. Events can have a broad industry focus, for example, the annual Futures & Options Expo showcases risk management products, trading tools, books and exchange and technology products as presented by more than 100 US. and international companies. Expo also offers a variety of sessions that allow participants to discuss industry trends, hear experts' views on key issues, improve trading skills and learn about new products, systems and practices. The programs include sessions for business, operations and technology professionals, and traders. More than 4,000 people from more than 30 countries attend Expo in a typical year ranging from senior staff at brokerage firms and exchanges to professional traders, floor traders, CTAs and CPOs, and individual investors. The first Expo, in a trial run, was held on the CME trading floor in the 1980s.

FIA events can also be much more in-depth and specific, such as the annual Law & Compliance Division Workshop, which hosts compliance officers, attorneys and regulators to consider issues affecting the legal and regulatory framework of the derivatives industry.


Membership

FIA's membership[16] includes nearly 250 corporate members. Regular members are futures commission merchants. 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 US and abroad.

Primary members[16] are only clearing members holding customer funds.

Associate members[16] are 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.

A full list of associate members can be found here.

References

  1. FIA Kicks Off New Year as Single, Global Organization. FIA.
  2. Press Release. FIA.
  3. Press Release. FIA.
  4. FIA press release. Futures Magazine.
  5. FIA, FIA Europe and FIA Asia Announce Merger Plans. FIA.
  6. Futures industry in USA and the role Chicago plays- Jerry Cedicci-Robin Trehan. PRLog.
  7. Press Release. FIA.
  8. Press Release. FOA.
  9. Market Participant’s Perspective: Status of Transaction (Clearing and Exchange) Fees on a Global Basis. Futures Industry Association.
  10. Market Participant’s Perspective: Status of Transaction (Clearing and Exchange) Fees on a Global Basis, with Appendix. Futures Industry Association.
  11. Account Ownership and Report. Futures Industry Association.
  12. Testimony of John M. Damgard. Futures Industry Association.
  13. Submission for the Record on Harmonization File Number 4-588. Futures Industry Association.
  14. Seperate Account Class for Cleared Only Derivatives. Futures Industry Association.
  15. Home page. Futures Industry Magazine.
  16. 16.0 16.1 16.2 FIA Member Firms. Futures Industry Association.

External links