FIF has scheduled the next call for the TRACE / RTRS Working Group for Tuesday March 25 at 2 pm ET. Working Group members will discuss an FIF call with MSRB representatives relating to one-minute reporting and the manual trade indicator.

The Data and Technology Committee will have its next call on Wednesday March 26 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Dan Labovitz of the Green Impact Exchange. Dan will discuss the Green Impact Exchange and its current regulatory filing with the SEC. 

On Thursday April 10 at 10 am ET, representatives from ICE Clear Credit will discuss their new Treasury clearing service. FIF has invited the members of the Back Office Committee, the Financial Risk Regulations Working Group, and the Fixed Income Regulations Working Group to participate on this call.

SLATE Working Group. FIF hosted two calls this past week for the SLATE Working Group. The Working Group discussed the applicability of SLATE to pay-for-hold transactions, reporting the par value field, reporting for corporate actions, the definition of intermediary, and reporting identifiers. The Working Group reviewed a list of implied SLATE validations prepared by an FIF member. The Working Group discussed reporting for corrections. The Working Group discussed reporting the sourceOfLoan and borrowerType fields. OFR Repo Reporting Working Group. The OFR Repo Reporting Working Group...

MEMX, a technology-driven exchange operator founded by members to benefit all investors, announced it has received regulatory approval for its second exchange medallion, MX2. This milestone marks a significant step in the company’s continued commitment to providing innovative trading solutions to all market participants. As a result of this approval, MEMX now has rules in place to govern trading on a second equities exchange. MEMX is actively working with market participants to determine the optimal launch date for MX2 Equities and will announce exact timing at a future date....

Miami International Holdings (MIM) has launched a fully integrated trading, clearing, settlement and depository (CSD) technology platform for The Bermuda Stock Exchange (BSX). “The launch of the new BSX technology platform represents an important milestone in our strategy to build and operate all our exchanges utilizing proprietary MIAX technology,” said Thomas Gallagher, chair and chief executive at MIH. BSX’s new platform will utilize MIAX proprietary trading, middle- and back-office technology with the CSD technology built in conjunction with Swedish-based Vermiculus. MIM added...

Nasdaq has begun engaging with regulators to enable 24-hour trading, five days a week on the Nasdaq Stock Market.  According to a story in The Trade news, the exchange’s timeline is pending regulatory approval and alignment with industry infrastructure providers, with plans to launch in the second half of 2026. The development has been linked to increased retail participation, a reduction in barriers to accessing markets through wealth accumulation, and increased appetite to engage with US markets from global investors. Nasdaq also noted that in the APAC region,...

The co-pilot aims to allow the buy-side to make more informed decisions on which algo strategy to use in a bid to reduce their implicit costs according to a story in The Trade news. Broadridge is set to go live with its new algo co-pilot offering in the next few weeks, aimed at helping the buy-side route their orders better. Named NYFIX Algo Co-Pilot, the new product uses AI to build a picture of fils in the market to better inform traders when they look to select an algorithmic strategy, all in a bid to reduce the implicit cost of trading. Broadridge has partnered with Babelfish.com to...

Clear Street has entered a connectivity partnership with Blue Ocean Technologies to expand its market services for after-hours trading according to a story in The Trade news. The firm has expanded to 24-hour, 6-day trading capabilities to further enhance liquidity access and risk management for its global client base. The development follows the launch of Clear Street’s OCC Cross-Margin, enabling futures and options traders to consolidate margin requirements and improve capital efficiency.  By connecting directly to the Blue Ocean ATS platform, Clear Street will be able to...