International Commodities and Derivatives Association
|International Commodities and Derivatives Association (ICDA)|
|Key People||Daniel Day-Robinson, CEO|
The International Commodities and Derivatives Association (formerly SFOA) was a non-profit association founded in 1979 and wound down in 2019. It served member banks, exchanges and FCMs as well as individuals in the global commodities and derivatives industry. It focused on new products, new platforms, emerging markets and innovation affecting markets worldwide.
On October 23, 2019, the board of the organization voted to wind down the association as of December 31, 2019 citing existing members failing to pay their dues, falling returns from seminars and conferences and a lack of new members.
ICDA organizes international conferences, networking events for members, training programs and industry consultations.
ICDA was originally 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.
It was later renamed the Swiss Futures & Options Association, and then the International Commodities & Derivatives Association.
Also see SFOA page.
The Bürgenstock Conference was held every fall in Switzerland, originally at the Bürgenstock Resort above Lake Lucerne. In recent years the event has been held in Interlaken, Geneva and even in Germany.
In 2017, the event returned to the restored Bürgenstock Resort for a gala dinner, while the conference was held in Lucerne.
Its members included major firms such as BNP Paribas, KPMG, Credit Suisse, Dubai Gold and Commodities Centre, Pictet, NASDAQ, ICE, SIX, Edmond de Rothschild, Goldman Sachs, Timber Hill, PwC, Cinnober, TAIFEX and others.