The Investment Dealers Association says that it has decided that those dealing with the public in single stock futures must be registered to trade in both securities and futures contracts.

The IDA says that it came to this conclusion after discussions among the IDA Futures Committee, the IDA Education and Proficiency Committee and the Canadian Securities Administrators. “This applies to individual registered representatives and member firms,” it notes.

It also says that anyone responsible for supervising trading in single stock futures should have both securities and commodity futures qualifications, including the Commodity Supervisors Examination.