Industry Guidance

The total amount of customer funds in futures accounts at US FCMs reached a record $453.5 billion in March, up 2.4% from the previous month and up 29.2% over the last 12 months.

FIA and ISDA respond to the Monetary Authority of Singapore’s consultation on recovery and resolution planning and enhancement of resolution powers for capital market infrastructures. The response supports the proposed framework for recovery and orderly wind-down planning for capital market infrastructures, while recommending greater clarity and safeguards on certain aspects of the framework.

FIA’s response supports SEBI’s objective of strengthening broker resilience, while recommending recalibration of the methodology to ensure it remains risk-based and proportionate, particularly in light of India’s pre‑funding, upstreaming and CCP-level risk safeguards.

Continuous trading is no longer a theoretical concept in global markets. As digital assets, tokenisation and evolving
customer expectations reshape financial markets, exchanges and intermediaries are increasingly examining how trading hours may expand beyond traditional schedules.

FIA offers a series of recommendations in formulating clear, workable rules and enhancing existing regulatory practices, all rooted in the Commodity Exchange Act's core objectives of promoting responsible innovation and preserving sound risk management.

FIA supports expanding eligible CCP collateral for non-financial counterparties under EMIR 3.0, calling for substance-over-form recognition of letters of credit and mandatory clearing member protections.