The merger of FIA, FIA Europe and FIA Asia into a single organization took effect on January 8, 2016. The newly merged organization will serve both the global and regional needs of the futures, options and cleared swaps industries.
“One FIA strengthens our ability to address international issues and reflects the global nature of our industry,” said Walt Lukken, president and CEO of FIA. “Our staff in the Americas, Europe and Asia are continuing their specialized work on regional concerns, providing feedback to regulators and support to our membership. Our merger will give us access to more resources and greater efficiency as we work to promote the health and stability of the derivatives clearing infrastructure.”
Since June 2013, the three associations have been working closely together under an affiliated global structure, FIA Global, which enabled the independent organizations and their boards to better coordinate policies and priorities. The merger is the next step in enhancing global representation for the cleared derivatives industry.
FIA is currently engaged on a number of key issues, including providing the CFTC with feedback on its proposed automated trading rules, preparing for increased mandatory clearing in Asia and Europe and assisting FIA members and the industry more broadly in meeting MiFID II implementation requirements.
###
About FIA
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.
For more information, contact Heather Vaughan at +1 202-466-5460.
