On Wednesday March 5 at 11 am ET, William Barbera and Derek Lacarrubba from the Schulte law firm will discuss the 2025 FINRA Annual Regulatory Oversight Report. FIF has invited the members of the Compliance and Surveillance Working Group to participate on this call.

The CAT Transaction Reporting Working Group will have its next call on Wednesday March 5 at 2 pm ET. The Working Group will continue its discussion of a revised draft request for exemption relating to the CAT reporting of port settings. The Working Group will also discuss representative order linkage, potential strategies to address CAT costs, and feedback from FINRA CAT in response to recent FIF comments and questions.

The CAT Monthly Update Working Group call for March will be on Thursday March 6 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting, CAT CAIS and CAT billing during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting, CAT CAIS reporting and CAT billing.

FIF has scheduled a Working Group call for Thursday March 6 at 3 pm ET to discuss an FIF member proposal to establish an agreed set of data fields that fixed income venues should make available to participants. FIF has invited the members of the Fixed Income Regulations Working Group and the Compliance and Surveillance Working Group to participate on this call.

FIF has scheduled the next call for the SEC Transition Working Group for Thursday March 13 at 2 pm ET. The Working Group will continue its discussion of issues and recommendations for FIF to raise with the incoming SEC Chair during 2025. If you are interested in this topic and are not a member of this Working Group, you can update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

SLATE Working Group. The SLATE Working Group continued its discussions of the reporting of termination events. The Working Group discussed reporting for scenarios where settlement of the opening or closing leg of a transaction is delayed or a transaction is cancelled because it does not settle on the date that the transaction is agreed. SEC Transition Working Group. The SEC Transition Working Group continued its discussion of issues and recommendations for FIF to raise with the incoming SEC Chair during 2025, including proposed enhancements to the rulemaking process and recommendations...

Blue Ocean ATS, which trades US stocks overnight, and the Long-Term Stock Exchange (LTSE) for companies committed to long-term value creation, both migrated to MEMX technology in 2024 in order to improve performance of their venues and make them more scalable according to a story in MarketsMedia news. Blue Ocean ATS clients can trade US National Market System stocks between 8pm ET and 4am ET from Sunday to Thursday, which allows Asian investors to buy and sell US stocks during their trading day. The ATS had launched in October 2021 and chief executive and president Brian Hyndman said that...

Bank of New York Mellon Corp signed an agreement for a multiyear relationship with artificial intelligence heavyweight OpenAI. According to a story in The Wall Street Jornal,  America’s oldest bank will gain access to cutting-edge OpenAI tools such as Deep Research and its most advanced reasoning models, supercharging the bank’s internal AI platform, Eliza. In return, OpenAI said it hopes to gain insight into how well its models work for complex tasks in the real world.  Eliza functions as both a chatbot trained on BNY knowledge and a platform where employees can select...

Bloomberg Tradebook is collaborating with Eurex to enable the direct access of Eurex member bank and market makers, within the existing CCP environment, via the Bloomberg Tradebook front-end.  According to a story in The Trade news, the new development will be available for all equity options and futures traded on Eurex, alongside all foreign exchange (FX) derivatives.  The European off-book business will be further electronified by the move, allowing firms to directly control and manage their own flow. This flow can be responded to directly by Eurex market makers...