National Futures Association

The National Futures Association (NFA) is an organization for the U.S. futures and derivatives markets. It was founded by the Commodity Futures Trading Commission (CFTC) in 1982, under the Commodity Exchange Act. As a self-regulatory agency, it maintains the integrity of the derivatives markets, protects investors and ensures that members fulfill their regulatory obligations.

The NFA is mainly financed by membership fees and assessments paid by members and other users of the derivatives markets, with no cost to the taxpayer.