FIF has scheduled a joint call for the CAT Transaction Reporting and CAT Reference Database Working Groups for Tuesday August 4 at 3 pm ET. The Working Groups will discuss a draft FIF letter to CAT LLC, FINRA and FINRA CAT relating to changes to reporting of the tradingSession field in connection with the planned expansion of exchange trading hours.

FIF has scheduled a call for the Compliance and Surveillance Working Group for Monday August 17 at 1 pm ET to discuss creating a contact list (similar to the CAT Contact List) to assist broker-dealers with onboarding broker-dealer counterparties and conducting periodic refresh processes with broker-dealer counterparties. The Working Group will also discuss whether there are existing vendor products that provide this type of information.

FIF Webinar on Trade Surveillance. This past week FIF hosted a webinar on Trade Surveillance for the Compliance and Surveillance Working Group. The panel discussed evolving uses of AI in trade surveillance and other recent developments in trade surveillance. FIF would like to thank the moderator, Scott Trilling of Fidelity. FIF would also like to thank the panelists: Ben Calev of BXS; Mark Davies of S3; Chris Montagnino of Jordan & Jordan; and Ted Karn of The Karn Group. Order Protection Rule. This past week FIF hosted four calls for the Equity Market Regulations Working Group to...

According to Markets Media, J.P. Morgan Asset Management announced the launch of its first actively managed extension strategy in an ETF, JPMorgan US Large Cap Value Plus ETF (JLVP), on the Nasdaq Exchange. The fund seeks long-term capital appreciation by combining a U.S. large-cap portfolio with an extension sleeve, allowing the strategy to pursue opportunities on both the long and short sides of equity markets. JLVP underscores the firm’s continued commitment to expanding its active ETF lineup to help clients diversify portfolios, reinforcing its leadership in global active ETFs.

According to Markets Media, Craig Donohue, chief executive of Cboe Global Markets, said the group will focus on growth opportunities including event and prediction market contracts, products tied to company-specific performance metrics and continued investment in global clearing. On the second quarter results call on July 31, 2026, Donohue said that over the past year Cboe has delivered on its strategy of sharpening its portfolio, simplifying its structure, and building a stronger foundation for its core businesses.

On July 24, FIF submitted a comment letter to the SEC on the rule filing by FINRA to extend the TRF operating hours to 23x5. FIF would like to thank the members of the 24x7 Trading Working Group for their contributions in the drafting of this comment letter.

FIF has scheduled four calls for this week for the Equity Market Regulations Working Group to continue discussion of a draft FIF comment letter in response to the SEC rule proposal to rescind Rules 611 (the order protection rule) and 610(e) (locking or crossing quotations). The first call is scheduled for Monday July 27 at 11 am ET; the second call is scheduled for Tuesday July 28 at 1 pm ET; the third call is scheduled for Wednesday July 29 at 11 am ET; the fourth call is scheduled for Thursday July 30 at 1 pm ET.

The Back Office Committee will have its next call on Tuesday July 28 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.

The next call for the Rule 605 Working Group will be on Tuesday July 28 at 3 pm ET. The Working Group will discuss issues and questions submitted by FIF members relating to the changes to Rule 605 reporting that will take effect starting August 1.