On September 28, the US Futures Industry Association (FIA) and the European Futures and Options Association (FOA) announced that they have signed a cooperation agreement which will allow them to work more closely together. The new structure is expected to (i) facilitate communication, (ii) avoid the duplication of effort, (iii) establish a single industry voice in Europe, and (iv) promote a unified view on issues that impact global intermediaries.

The FIA and FOA will continue to work together in organizing the associations' joint annual conference and trade fair, and in organizing educational workshops.