Industry Guidance

Ripple Prime (formerly known as Hidden Road) is a global non-bank prime broker registered with the CFTC as an FCM and an NFA member, and regulated as a broker-dealer by FINRA, in addition to holding regulatory licenses in the UK, Netherlands and BVI, among other jurisdictions. The company’s products include prime brokerage, clearing and financing across traditional and digital assets. In 2025, Hidden Road was acquired by Ripple and now operates under the Ripple Prime name. CONTINUE READING

TS Imagine is a global, multi-asset SaaS platform offering portfolio and risk management, electronic trading and prime brokerage solutions for the buy- and sell-side. Many of the world’s leading financial institutions use TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities, fixed income and other asset classes, cutting complexity and driving efficiency. CONTINUE READING

FIA has responded to the European Securities and Markets Authority's consultation on EMIR 3.0 draft regulatory technical standards on the elements to be considered when EU central counterparties define participation requirements. The response highlights the need for CCPs to assess clearing members based on the actual risks they pose, rather than relying on entity type or licensing status as proxies for risk. In particular, the response distinguishes between regulated non-bank financial clearing members and non-financial counterparties that typically clear to hedge commercial exposures and do not provide financial services. CONTINUE READING

FIA congratulates Mike on his confirmation to chair the CFTC. At a time when Congress is navigating a regulatory framework for digital assets, and technology is disrupting and enhancing traditional finance, Mike is the right person with the right experience to lead the agency through these times of great change. CONTINUE READING

Texas Stock Exchange (TXSE), based in Dallas, received SEC approval in September 2025 to operate as a national securities exchange and is on track to launch trading, exchange-traded products and corporate listings in 2026. The new exchange is backed by major financial firms, including JP Morgan, Bank of America, BlackRock, Citadel Securities, Charles Schwab and Goldman Sachs. TXSE will serve US-based and international issuers, investors and market participants. CONTINUE READING

There is tremendous change facing the cleared derivatives markets today, especially when compared to 2008 when the CFTC was last reauthorized. FIA strongly supports the reauthorization of the CFTC, as it reinforces the agency’s mission and central role in safeguarding markets critical to the global economy. CONTINUE READING