Virtu Financial, a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the entire investment cycle to the global markets, announced the public launch of Virtu Technology Solutions (VTS), a comprehensive product suite that repackages Virtu Execution Services’ (VES) capabilities for distribution to sell-side broker-dealers worldwide, according to a story in MarketsMedia news. Virtu Execution Services (VES) has long provided execution and workflow solutions to buy-side and sell-side clients, offering a robust suit of...

ICE Bonds is in the process of developing two new trading components and expanding internationally after setting record trading volumes for corporate bonds, municipal bonds and agencies trading in 2024, according to a story in MarketsMedia news. The spread-based CTT is being introduced in response to strong institutional demand and builds on the success of ICE Bonds’ price-based CTT liquidity in municipal bonds and corporate bonds. Click to trade offers the opportunity to increase efficiency by automating the entire trade cycle for odd lots. A buy side trader can access additional pre-trade...

As part of a multi-year technology transformation program, Northern Trust announced it has expanded its strategic relationship with Tata Consultancy Services (TCS) to enhance its global securities settlements platform, which spans 99 global markets according to a story in MarketsMedia news. Northern Trust has leveraged TCS BaNCSTM for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS™ Global Securities Platform which offers multi-entity, multi-market and multi-asset class capabilities to help create an integrated...

FIF is excited to announce our next live event, to be hosted by AWS on Tuesday April 8. After opening remarks from AWS, there will be two panels. The first panel will cover New SEC Leadership and Regulatory Implementations for 2025 and Beyond. The second panel will cover Technology Developments in Capital Markets. The event will take place at the offices of AWS at 12 West 39th Street, New York, NY. Registration and networking begins at 4:15 pm ET. The panel discussions will be from 5-6:30 pm ET, with refreshments and networking afterwards from 6:30-8  pm ET. FIF would like to thank AWS...

On February 25, FIF submitted a letter to the SEC on the implementation of Form SHO reporting. FIF would like to thank the members of the Short Sales / Reg SHO / Short Reporting Working Group for their contributions in the drafting of this letter. 

On February 26, FIF submitted a letter to the SEC and FINRA on Rule 606(a) reporting and the implementation of FINRA Rule 6470. FIF would like to thank the members of the SEC Rule 606 and FINRA Rule 6470 Working Group for their contributions in the drafting of this letter.

FIF has scheduled the next call for the OFR Repo Reporting Working Group for Monday March 3 at 11 am ET. The Working Group will continue its discussion of the implementation of reporting non-centrally cleared bilateral repos to the Treasury Department’s Office of Financial Research.

FIF has scheduled a joint call for the CAT CAIS and CAT Transaction Reporting Working Groups for Monday March 3 at 2 pm ET. The Working Group will continue its discussion of a draft FIF letter to the SEC and FINRA relating to the removal of PII from CAT.

FIF has scheduled two calls for this week for the SLATE Working Group. The first call will be on Tuesday March 4 at 11 am ET; the second call will be Thursday March 6 at 11 am ET. The Working Group will continue its discussion of the implementation of SLATE reporting.