Membership Pricing Structure - Frequently Asked Questions

What is the structure and cost of FPL membership? FPL is keen to gain broad industry participation and to this effect a range of membership options are available to meet the budgetary needs of different industry sectors. For full details on the different membership options, please visit the FPL Membership Pricing Structure page.

I am a prospective FPL member, where are the benefits of FPL membership defined?
FPL is open to all firms interested in participation including buy side and sell side firms, exchanges, ECNs/ATSs and vendors, as well as other industry organizations. There are many benefits to joining FPL and we ask that you please refer to the "FPL Membership Benefits" and "FPL Membership Benefits - Frequently Asked Questions" documents.

Why do Buy-side firms pay a lower membership fee than other firms in the rate structure?
FPL is keen to gain stronger representation from the Buy-side on its committees and working groups, so that the needs of this industry sector may be more effectively addressed. To date, participation from the Buy-side has been limited and by offering reduced membership fees, FPL hopes to increase these levels.

Other than being seen as someone with a large wallet, are there other benefits to being a FPL Premier Member?
FPL Premier membership offers firms the opportunity to gain additional recognition, sponsorship and marketing opportunities. As a FPL Premier member firm, the organisation will seek to provide incremental exposure of your brand on the FPL website, in targeted newsletters and communications to the industry, and within printed literature at electronic trading events. Additionally, as a Premier member FPL will seek to offer your firm marketing and sponsorship opportunities in advance of the wider community, this can prove very valuable when space is limited and/or allocated on a ‘first come-first choice of location’ basis.

What constitutes volunteer time for the ‘Small Firm’ category?
Volunteer time consists of participating in committee or working group meetings and contributing to assigned committee or working group tasks.

How are volunteer hours calculated? Are the hours firm-wide for ‘Small Firms’?
Yes, for the ‘Small Firm’ category, the firm's total volunteer time would be the accumulation of its contribution firm-wide. They represent the number of hours accumulated over the same 12 months as the membership term.

How does FPL confirm a ‘Small Firm's’ revenue and number of employees?
A senior official of the firm must sign a letter stating that their firm meets the criteria.

How can an independent, self-employed or unemployed individual join FPL?
An independent, self-employed, or unemployed individual can apply for ‘Small Firm’ membership status.

Does FPL plan to introduce any new committees or working groups?
New committees and working groups are introduced as required to address the ever evolving needs of the global financial services sector. A primary example of this is the Global Exchanges and Markets Committee which was launched as a working group in 2006 to address the growing needs of this industry sector. Due to the significant amount of work produced and the increasing importance to achieve greater standardization in this sector, the working group was promoted to a committee in 2007. A further example is the FPL Latin America Subcommittee which has been created to address the regional needs of this expanding market.