The Foreign Exchange Professionals Association (FXPA) has once again expanded its membership composition, including financial services provider INTL FCStone as the newest supporting member of the FX trade group, according to an FXPA statement.
The FXPA is a Washington-based organization that collectively represents the shared interests of brokers and market participants in the FX industry. The multinational group, along with its growing membership composition, was initially formed with the aim of advocating the interests of the FX industry to key regulators and policymakers via education, research, and transparency.
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The addition of INTL FCStone brings the total constituency of FXPA to twenty-five institutional members. According to Edgar Ramon, Global Head of Foreign Exchange at INTL FCStone Markets, in a recent statement on the membership: “We are proud to now be an FXPA member firm and to join with other members in education, research, and advocacy initiatives for the foreign exchange industry.”
“As the first non-bank swap dealer, we are intimately familiar with the constantly changing FX landscape, and will leverage our significant knowledge to further the FXPA’s goal of advancing a sound global currency market. Specifically, we look forward to bringing to bear for the FXPA our substantial expertise in the middle-market, and to promoting discussion on critical industry issues between a variety of market participants including legislators, regulators and central banks,” he added.
“We are happy to welcome INTL FCStone as a Supporting Member within the non-bank market maker/principal trader category of membership. FXPA members comprise the full spectrum of the FX industry – from banks and non-banks to pension funds, corporates and CTAs, to exchanges, clearing houses and those that provide the vital industry infrastructure,” said an FXPA spokesperson in an accompanying statement.