BAYBANNFA has announced the completion of its application, and the movement to legal review in becoming a member of the National Futures Association (NFA).
BAYBANNFA’s application to become an officially supervised member of the NFA, which is one of the world’s well-known financial authorities; is taking BAYBANNFA to a different level globally, as well as improving its recognition by more global traders.
The NFA will conduct a background and compliance check to determine if BAYBANNFA meets with the relevant provisions of the United States Commodity Exchange Act (CEA).
NFA major responsibilities are to establish and set ethical standards for futures and other markets, which will protect the interests of traders and investors. The association ensures its members strictly abide by national laws and rules set by the Commodity Futures Trading Commission (CFTC), and also strictly supervises member agents to guarantee market integrity for investors and traders.
BAYBANNFA, which is a platform that provides foreign exchange, cryptocurrency, index and futures diversified portfolio investment plans; has currently expanded its companies in several states, including the United States, the United Kingdom, Australia and Southeast Asia. It also have branches in over 60 regions.
The Financial Company has obtained the support and praises from many quarters because it ‘prioritises the interests of customers’ as its core value.
However, under the thorough supervision of the NFA, together with its extensive business program and decision to explore the global investment riches code, BAYBANNFA will probably be recognised by raising global investors, and the financial markets in 2021 can also look forward to further achievements from BAYBANNFA in the FinTech industry.
Meanwhile, since the establishment of NFA 20years ago, the trading volume of the US Futures Exchange and also currency marketplace has expanded many times over, while the consumer complaint rate was reduced by 72%.