Thursday, November 22, 2007

PREAMBLE

The Financial Markets Association-USA, Inc. (“FMA-USA”) was previously known as Forex-USA, Inc., the successor to Forex-USA, an unincorporated association which was in turn the successor to the Forex Association of North America, itself the successor to Forex Club of North America. The Forex Club of North America was founded in 1958 for the primary purpose of fomenting good relations among members of the Foreign Exchange community and to provide them an opportunity to meet together and exchange information on the foreign exchange market.
The mission of FMA-USA shall be to inform and educate members of the global financial market professions, and the public at large, on all aspects relating to foreign exchange and associated markets, and to promote professionalism, empathy and understanding amongst all participants in these markets.
As the market has grown, so have the goals of the Corporation, which now lists among its goals and purposes:
Educating members of the profession and of the public at large both with respect to the business of foreign exchange and with respect to general economic and financial topics, striving to improve the market environment, striving to give the profession the highest sense of responsibility and sophistication, and establishing the profession’s reputation as one of honesty, responsibility, sophistication and dignity, specifically by, but not limited to,
(a) Conducting seminars, open to non-members as well as members, designed to instruct both novice and experienced foreign exchange and eurocurrency professionals in the basics and in the fine points of the business;
(b) Conducting meetings, and other presentations, open to members, their guests and, at times, the general public, at which guest speakers will deliver remarks on the topics of foreign exchange and eurocurrency dealing, banking, the economy, and other subjects in order not only to increase the members’ understanding of the business, but also to further educate the members and the public with respect to the larger importance of foreign exchange and its role in the financial markets;
(c) Participating in, and where necessary initiating, discussions on the market ethics and regulatory environments within which the foreign exchange market operates;
(d) Providing forums to enable members to discuss the technological advances in global markets;
(e) Participating in the affairs of other organizations devoted to promoting the profession of foreign exchange and eurocurrency dealing worldwide as well as in the United States;
(f) Working in conjunction with, and assisting and cooperating with other individuals, groups, associations, corporations, government officials and agencies to effectuate any and all of the foregoing purposes;
(g) Conducting any and all lawful activities that may be necessary, useful, or desirable for the furtherance of accomplishment of the foregoing purposes.

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