NFA-2025-Annual-Review-r6-102325

NFA’S GLOBAL MEMBERSHIP The CEA requires certain firms and individuals that conduct business in the derivatives markets to register with the CFTC. Over 40 years ago, the CFTC delegated its registration function to NFA. On behalf of the CFTC, NFA registers firms and market professionals after a thorough investigation of their background and fitness. The CFTC also requires these registered firms to be NFA Members. NFA’s global membership includes FCMs, SDs, CPOs, CTAs, IBs, RFEDs and associated persons of these entities.

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