International Commodities and Derivatives Association (ICDA)
ICDA is a professional, non-religious, non-political, not-for-profit association of institutions interested in and concerned with all aspects of the commodities and derivatives industries globally, based in Geneva, Switzerland. The Association is governed by the laws of Switzerland. Our membership is international; we are the only truly independent international Association representing the derivatives markets and based in a neutral country. ICDA’s members include global brokers, bankers, investment fund managers, commodities trading firms, market information providers, service companies and individuals, as well as exchanges and clearing houses. Focusing on industry innovation, we organise international seminars and meetings, as well as our renowned annual meeting, formerly known as the SFOA Bürgenstock Annual Meeting.
ICDA, until recently known as The Swiss Futures and Options Association (SFOA), was formed as the Swiss Commodities Industry Association (SCIA) at an inaugural assembly held at the Carlton Elite Hotel in Zurich on January 18, 1980. The creation of the association was the result of extensive preparatory work undertaken by an ad-hoc committee of the CFTC International Advisory Committee formed on the suggestion of the American Ambassador in Bern at the time.
In 1991, the Board of Directors of the Swiss Bankers Association accepted the membership application of the Association.