Today, LTG Goldrock introduces the development history of the NFA in the United States ~
National Futures Association (NFA), US futures and foreign exchange transactions non -commercial independent institutions .The National Futures Association of the United States (NFA) is based on the provisions of Section 17 of the Commodity Trading Law in the United States , and the futures industry self -discipline organization formed in 1976. It is a non -profit member organization Essence"Commodity Trading Law" Verse 17 is originally derived from the "Commodity Futures Trading Commission (CFTC) Law" in 1974. This section stipulates the registered registration of the Futures Association and the supervision of the CFTC's Self -Discipline Management Association of Futures Professional.On September 22, 1981, CFTC accepted NFA and officially became the "Registered Futures Association". On October 1, 1982, NFA officially started operation.
NFA has been committed to developing innovative, technical -driven regulatory procedures in recent years, so that its members can meet their due legal obligations at lower cost and higher efficiency.In more than 20 years since the establishment of NFA, although the work content of NFA has increased a lot, the efficiency of NFA's work has not decreased. Instead, the cost and employees have remained stable, which greatly improves work efficiency. This is largely.Thanks to the contribution of technological innovation.For example, the "online registration system" developed by NFA alone in the past two years can save $ 250,000 for NFA each year.
In order to improve the level of office automation, NFA has invested a lot of manpower and financial resources to the development of various internal regulatory platforms. According to data from the NFA annual report, from 1998 to 2002, the annual software investment was US $ 523,800 and 576,000.US dollars, US $ 1.3336 million, US $ 2.2661 million, and US $ 3.6596 million, showing a trend, with a cumulative investment of 8.362 million US dollars. In 2002, the investment has accounted for 11.82%of the total NFA expenses of the year.Purchase and maintenance costs and wages of technical personnel.NFA's information technology department is its second largest functional department, and most of its application software is independently developed, because NFA believes that only by using their own employees' technical and regulatory experience can they develop special, flexible, most flexible, the most, the most, the most, the most, the most, the most, the most, and the most.Suitable for NFA operations and software that meets the needs of members' continuous changes.NFA's regulatory platform consists of two parts: internal and external systems, which provides strong technical support for the various self -discipline supervision business of the association.
