This can refer to two different entities within the financial world:

Authority for the Financial Markets (AFM): This is the Dutch supervisor responsible for supervising the behavior of all parties in the financial markets in the Netherlands. The AFM ensures that financial markets operate fairly and transparently, and that consumers are protected.

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Association of Futures Markets (AFM): An international organization that represents exchanges and other entities involved in the trading of futures and derivatives. The Association of Futures Markets promotes the importance and development of these markets worldwide.

This term relates to specific aspects of the financial world and is important to understand in the context of regulations, market supervision and international trade practices.