The Futures Industry Association (FIA) is a trade association in the United States composed of
futures commission merchants
A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contra ...
. A futures commission merchant is analogous to a broker; they are entities that accept orders and payment for
commodity futures
In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset ...
for execution on a futures exchange. The FIA states that it believes its regular members are responsible for more than 80% of the customer business transacted on US
futures exchanges
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or fi ...
.
FIA Website 'About FIA'
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References
External links
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Trade associations based in the United States
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