Futures Industry Association
The Futures Industry Association (FIA) is a trade association in the United States composed of futures commission merchants. A futures commission merchant is analogous to a broker; they are entities that accept orders and payment for commodity futures for execution on a futures exchange.[1] The FIA states that it believes its regular members are responsible for more than 80% of the customer business transacted on US futures exchanges.[2]
References
- ^ "CFTC Glossary". Cftc.gov. Retrieved 2013-03-01.
- ^ FIA Website 'About FIA'
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