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 READINGChina's commodity futures markets rank among the world's largest in terms of both the volume of trading and the range of commodities that are traded. The success of these markets creates a tremendous pool of liquidity for Chinese and foreign companies that need to hedge their risks. But there's a problem – access to those markets is quite challenging for commodity traders and end-users in other parts of the world.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 10.52 billion contracts in November. This decreased 10.7% from October 2025 and decreased 37.4% from November 2024.
CONTINUE READINGFIA 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 READINGFIA and FIA EPTA have submitted a joint response to the FCA’s AI Input Zone consultation seeking stakeholder views on current and future uses of artificial intelligence in UK financial services, barriers to adopting AI applications, and the regulatory framework governing the use of AI within financial markets.
CONTINUE READINGThe FIA European Principal Traders Association has provided input to the European Commission's call for evidence on the functioning and impact of the Savings and Investments Union. FIA EPTA's submission incorporates by reference its 2024 policy recommendations, titled Tide of Change: Enhancing Liquidity Provision to the European Economy.
CONTINUE READINGTS 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.
CONTINUE READINGRipple 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 READINGCEO Steve Murigi talks to FIA's MarketVoice about grassroots leadership, sustainable change, and why hope is a long-term investment.
CONTINUE READINGFive years ago, FIA welcomed nine technology startups from around the world to its annual Innovators Pavilion, a showcase held each November at FIA’s Futures and Options Expo in Chicago. We check back in on some of the companies for an update.
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