Futures Industry Association
- 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. [ http://www.cftc.gov/opa/glossary/opaglossary_f.htm CFTC Glossary] The FIA states that it believes its regular members are responsible for more than 80% of the customer business transacted on US futures exchanges. [http://www.futuresindustry.org/about-fia.asp FIA Website 'About FIA']
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