The Futures Industry Association (FIA), one of the leading voices in the derivatives market, has merged its boards across three continents into one body.
The US, European and Asian branches of the trade association will all be merged under the name FIA Global.
According to the association the merger will enable them to ‘better coordinate policies and priorities’.
"This industry has always been fundamentally international in its outlook,” said Michael Dawley, chairman, FIA Global. “For decades the flow of capital, ideas and innovation across borders and around the world has brought enormous benefits for our markets and our customers, and our three organisations have led the way in helping this industry build on that success.
“Today's announcement is the culmination of a long process of international expansion and engagement and a great step forward for the organisation and its members."
The merger will take place in the first quarter of 2016