Review of Reports By the Us General Accounting Office And the Commodity Future
Review of Reports By the Us General Accounting Office And the Commodity Future
Credit United States Congress House Committee On Agric
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S. Futures ex- changes. Our associate and international members, which number nearly 200, are a more diverse group. They include all the United States and many foreign exchanges and clearinghouses, law firms, ac- counting firms, and users of the markets, such as commercial and investment banks and pension, insurance, and mutual fund man- agers. Although our membership includes all facets of the futures in- dustry, the FIA has its roots in the brokerage community. In past years, the FIA has deve...loped an increasing interest in the over-the- counter trading of derivatives products whose values are derived from the value of an underlying asset or underlying reference rate or index. Our interest is based on our members' long-standing ex- pertise in risk management and our customers' needs for cus- tomized risk-management tools in addition to the standardized products provided by the exchanges. As you know, this customer-driven demand has created an inno- vative, dynamic, global market. The FIA has long supported the benefits of derivatives.
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