Association Of Futures Brokers And Dealers - AFBD

AAA

DEFINITION of 'Association Of Futures Brokers And Dealers - AFBD'

An organization established by the major London futures exchanges to provide regulatory supervision for futures brokers and dealers. The Association of Futures Brokers and Dealers (AFBD) was a self-regulating organization when it was founded in 1984. It has since been incorporated into the Financial Services Authority.

INVESTOPEDIA EXPLAINS 'Association Of Futures Brokers And Dealers - AFBD'

The Association of Futures Brokers and Dealers was formed to be a self-regulatory organization to oversee futures broker and dealer activity. The association developed and maintained standards to which British brokers and dealers on futures exchanges were expected to adhere. In 1991, the Association of Futures Brokers and Dealers merged with The Securities Association (TSA) to form the United Kingdom's Securities and Futures Authority (SFA), which sets the rules of fair practice as well as capital requirements for firms active in the securities, futures and options markets.

RELATED TERMS
  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  3. Futures

    A financial contract obligating the buyer to purchase an asset ...
  4. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  5. Broker

    1. An individual or firm that charges a fee or commission for ...
  6. Christmas tree (oil and gas)

    A vertical assembly of mechanical elements used in oil exploration ...
Related Articles
  1. Commodities: The Portfolio Hedge
    Active Trading

    Commodities: The Portfolio Hedge

  2. Want to Day Trade? Try Binary Options ...
    Options & Futures

    Want to Day Trade? Try Binary Options ...

  3. Curious About Stock Index Futures? Read ...
    Options & Futures

    Curious About Stock Index Futures? Read ...

  4. Selling Premium As Small Caps Play Catch ...
    Options & Futures

    Selling Premium As Small Caps Play Catch ...

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center