FIA History
FIA was founded in 1955 in New York as the Association of Commodity Exchange Firms. It was originally established to provide a forum to discuss issues, work with exchanges, represent the public customer, study ways to reduce costs, eliminate the abuse of credit, cooperate on educational efforts and protect firms from fraudulent warehouse receipts.

In 1973, the New York association expanded to include Chicago FCMs. It was renamed the Futures Industry Association in 1978 and moved to Washington "in recognition of the truly national scope of the futures industry." The FIA broadened its reach again in the mid-eighties when international organizations were invited to become members. In 1988, FIA established a non-profit educational foundation, Futures Industry Institute, to further develop and implement the FIA's educational goals.

Today, the FIA's more than 250 members represent a diverse group of market participants with a common desire to see the industry grow and prosper. Find out more about FIA Membership.

July 14, 1955 - Association of Commodity Exchange Firms, Inc.
Original Objectives:

  • To provide a means for the exchange of ideas and to work with commodity exchanges for the promotion and preservation of free marketing and for the good of customers and the general public.
  • To cooperate with the commodity exchanges in the maintenance of a high standard of ethics and to insure a high quality of service to the public.
  • To make efforts to bring the Clearing Associations of all the commodity exchanges in New York City under one operating management, and to eventually bring all the commodity exchanges in New York under one roof.
  • To enlist the cooperation of commodity exchanges and to obtain uniformity in rules, particularly as they relate to transferable notices and to obtain uniformity in other By-Laws insofar as possible.
  • To study ways and means of reducing costs of doing commodity futures business and to increase the volume of trading from domestic and foreign sources.
  • To eliminate the abuses of credit rules.
  • To develop ways and means for protection against spurious and fictitious warehouse receipts.
  • To take concerted action to prevail upon all commodity exchanges to establish equitable procedures for members to vote.
  • To assemble and disseminate information of value to its members.
  • To observe proposed legislation in Congress and in the several State legislatures and to mobilize support for proposals designed to promote the free marketing system and to preserve the sanctity of the futures contract.
  • To cooperate with commodity exchanges and member firms in educational campaigns of a worldwide nature.
  • It is the aim of our association to broaden its membership to include commodity exchange firms in all areas of our country.

Registered Membership from May 18, 1955:

Anderson, Clayton & Fleming
J. Aron & Co.
Bache & Co.
Bear, Stearns & Co.
Bruns Nordeman & Co.
Courts & Co.
Francis I. DuPont & Co.
General Cocoa Co., Inc.
Ira Haupt & Co.
H. Hentz & Co.
Hirsch & Co.
Hornblower & Weeks
E.F. Hutton & Co.
Imperial Commodities Corporation
Kohlmeyer & Co.
Laird, Bissell & Meeds
Lombard & Company
Merrill Lynch, Pierce, Fenner & Beane
Mitchell, Hutchins & Co.
Nichols & Co.
Orvis Brothers & Co.
Schmoll Fils-Deevy Corp.
Schwabach & Co.
Shearson, Hammill & Co.
A.L. Stamm & Co.
Steiner, Rouse & Company
Thomson & McKinnon
Volkart Bros., Inc.
Wade Bros. & Co.
Walston & Co.
Irving Weis & Co.
White, Weld & Co.
Dean Witter & Co.

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