The Foreign Exchange Professionals Association (FXPA), a Forex body that started operations in September 2014, today announced that it would be offering additional institutional categories of membership effective January 1, 2016.
The new Associate level categories will welcome smaller buy side and technology firms, as well as regional and private banks.
Associate Member categories are launched for buy side firms with assets under management below $500 million or fewer than 20 staff; technology providers with revenues below $50 million or fewer than 20 staff; and regional/private banks that fall outside the top 20 FX banks as ranked by trading revenue/volume.
The Association is also revising its top tier membership categories. The Founders’ Council level, which was available during the Association’s formation year, is now closed, while a Governing Council membership has been established for new, top-tier members that join after the first year.
The Full Member category has been re-designated as a Supporting Membership.
The lineup of FXPA’s members includes: BATS Global Markets; BNY Mellon Global Markets; Bloomberg Tradebook; CalPERS; Campbell & Company; Citadel LLC; CME Group Inc (NASDAQ:CME); Colorado PERA; Cürex; EBS BrokerTec; FastMatch; Intercontinental Exchange Inc (NYSE:ICE); Integral Development Corp; LCH.Clearnet; LMAX Exchange; Moscow Exchange; Nasdaq; Singapore Exchange (SGX); Thomson Reuters Corp (NYSE:TRI); Traiana; and Virtu Financial.
To view the official announcement from the FXPA, click here.