Background Affiliation Status Information Center

From MarketsWiki
Jump to navigation Jump to search

The Background Affiliation Status Information Center (BASIC) is a database of the regulatory and non-regulatory action history of futures market participants. The BASIC database is maintained by the National Futures Association (NFA), and uses data from its membership, as well as from the CFTC and U.S. exchanges.

BASIC access is open to anyone and is simple to navigate. To access the system, click HERE.


BASIC's origins date back to 1991, when the (NFA) introduced an online clearinghouse of disciplinary information about futures firms and individuals. The information in the database, which at that point was available only through NFA's toll-free Information Center, was contributed by NFA, the CFTC and the exchanges. Regulatory information from the NFA and the CFTC dates back to when they each began operations, 1982 and 1975 respectively. Data contributed by the exchanges dates back to at least January 1990. [1]

Recognizing the need to expand the content of the database and make it more accessible, NFA in 1998 created the Background Affiliation Status Information Center, or BASIC, a browser-based system. BASIC contains registration and disciplinary history for some 150,000 individuals and 10,000 firms. More than 600,000 BASIC searches are performed every year.

FCM Financial Information[edit]

On November 7, 2012, the NFA launched a new addition to its BASIC, the Futures Commission Merchant (FCM) Financial Information page. The goal of the initiative is to assist futures customers in their due diligence review of FCMs by making available certain financial information.[2] The FCM information will include three reports:

  • FCM Capital Report - each firm's adjusted net capital, required net capital and excess net capital from the most recent month;
  • FCM Customer Segregated Funds Report - total funds held in segregation, and the percentage held in cash and each of the types of investments permitted under CFTC Regulation 1.25; and
  • FCM Customer Secured Amount Funds Report - total secured funds, with the same percentage breakdowns as in the segregated funds report.

NFA will update the capital report monthly; the segregated funds and secured funds reports will be updated on a semi-monthly basis.