National Futures Association
What is the National Futures Association?
The self-regulatory organisation for the US derivatives industry. Membership of the National Futures Association (NFA) is mandatory for anyone operating in the futures market.
Where have you heard about the National Futures Association?
If you invest in the US futures market, then the companies you do business with will be members of the NFA.
What you need to know about the National Futures Association.
The NFA is a non-profit, independent regulatory organisation that began operations in 1982. Their role is to identify industry best practice and mandate these practices across the entire industry to protect investors and safeguard the integrity of the derivatives market.
Membership of the NFA is mandatory for firms and individuals who conduct business in the retail forex market, on US futures exchanges or are swap dealers or major swap participants. Around 4,100 firms and 57,000 associates are members and commit to following the NFA Rulebook. The NFA may take disciplinary action against members in breach of these rules.
The NFA is not a trade association and isn’t funded by the taxpayer. It’s financed from membership and assessment fees.