Operations Americas Division

Purpose

The mandate of the Clearing & Trade Management Committee is to provide global FCMs, industry professionals, US exchanges and US clearing houses a forum to discuss current events, industry changes and all other relevant topics impacting the US marketplace.

Goals and Objectives

The committee’s ultimate goal is to improve communication and expedite information flow across the industry clearing community.

Committee Membership

The committee offers a collaborative environment for FCMs, FIA Members & Exchanges to raise issues for open and transparent discussion.

Contact forums@fia.org to learn more about joining this committee.

Purpose

The Delivery Committee is a sub-committee of the FIA Operations Americas Division. Its purpose is to provide a forum for discussing new product rollouts and upcoming industry initiatives affecting physical delivery and option expiration. The committee should always strive to reduce risk through education and automation with its CCP counterparties.

Goals and Objectives

• Increase communication among its members.
• Foster the relationship between CCPs and the FCM community.
• Provide an open forum for discussion of new product initiatives.
• Reduce FCM option expiration risk through automation.
• Mitigate delivery risk by working with CCPs to streamline settlement processes where possible.
• Promote change for the better good of the FCM community.  

Roles and Responsibilities

The Delivery Committee is chaired by members chosen annually. The committee chairs identify topics of interest through the direction from the FIA Industry Americas’ board, the FCM community and the participating CCPs.

Committee Membership

Membership is open to any industry professional employed by a member FCM or vendor. All CCPs are expected to actively participate through an assigned representative familiar with its related delivery and option processes. Our target audience is personnel involved in the trade life cycle processes ending in delivery or option expiration.  

Contact forums@fia.org to learn more about joining this committee.

Purpose

The purpose of the Events and Education Committee (EEC) is to educate FIA members on current market events, topics and industry fundamentals. The committee also raises funds through annual events for the FIA Scholarship, awarded to college-bound children of FIA Division members, as well as provides opportunities to build relationships and network with like-minded individuals.

Goals and Objectives

The EEC’s Goals and Objectives are to organize and execute educational events that focus on key industry issues challenging Division Members.  The Committee also raises funds and manages an annual scholarship fund/charity donation.  The Committee works with FIA’s internal marketing team to manage communication regarding new member enrollment as well as division event planning.

Roles and Responsibilities

In a normal year, the EEC aims to organize and execute events/fundraisers including the Washington Outlook, the Chicago Golf Outing, the New York Golf Outing and the Chicago Summer Outing. The Committee also manages the communication with Scholarship America, who in the past has managed the Division’s Scholarship Fund. The Committee also organizes the Division Holiday Party.

Committee Membership

Current members are from the FCM, broker dealers, and settlement/custodial banks community.

Contact forums@fia.org to learn more about joining this committee.

Purpose

The role of the Market Fees Committee is to provide a forum to review and discuss global exchange and clearing house fee related items. The forum offers FCMs and FIA members an opportunity to review current exchange fee schedules, CCP reporting provided in relation to fee charges, inconstancies we see between exchange practices and any issues to be raised in relation to market fees.

Goals and Objectives

• Provide FCMs and FIA members information on current charges and fee reporting availability.
• Establish a consensus of standards in reporting and champion changes with exchanges and clearing houses not meeting the committee criteria.
• Highlight exchange fee information and practices that are desired by clearing members, but currently not prevalent from the industry. 
• Meet regularly with global exchange representatives to discuss current offerings and coming changes in relation to their market fees.

Roles and Responsibilities

Managing and collating exchange fee objectives and distribution of information on market fees.

Committee Membership

Members include representatives from FCMs, broker dealers, and vendors.

Contact forums@fia.org to learn more about joining this committee.