The Data & Technology Committee will have its next call on Wednesday July 29 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 presenters will be Sun Kim and Dana Rutherford of Nasdaq MRX, who will discuss the recent SEC approval of Nasdaq MRX’s rule filing for extended trading hours for eligible equity and index options.

FIF has scheduled a webinar on Trade Surveillance for Thursday July 30 at 4 pm ET. The moderator for the webinar will be Scott Trilling of Fidelity. The panelists will be Ben Calev of BXS, Mark Davies of S3, Chris Montagnino of Jordan & Jordan, and Ted Karn of The Karn Group. FIF has invited the members of the Compliance and Surveillance Working Group for this webinar. If you would like to submit any questions for the webinar to be raised anonymously, please send them to This email address is being protected from spambots. You need JavaScript enabled to view it..

According to The TRADE News, HSBC has become the first applicant to be approved by the Bank of England to go live in the UK’s digital securities sandbox (DSS). The approval means HSBC Orion, the bank’s digital assets platform, can now operate within the DSS as a digital securities depository (DSD), supporting digitally native bond issuance, servicing and settlement. That remit covers corporate bonds as well as DIGIT, the UK’s planned digital gilt instrument. DIGIT is set to be issued by Q1 2027. UK government has confirmed it is taking steps to prepare for potential future issuances.

According to Markets Media, Crypto.com announced a strategic $400 million investment from Citadel Securities valuing the Company at $20 billion. The milestone marks the first institutional funding round in the Company’s decade-long history. Citadel Securities’ investment comes as the industry is undergoing rapid institutionalization, with crypto increasingly serving as fundamental infrastructure for a greater part of the capital markets. Funding is expected to accelerate Crypto.com’s expansion into all asset classes, including tokenized securities and derivatives, bridging the gap...

24x7 Trading Working Group. The 24x7 Trading Working Group discussed licensing for overnight trading. The Working Group discussed the FINRA rule filing to extend the TRF operating hours to 23x5 and associated notices and documentation updates by FINRA, the FINRA/Nasdaq TRF and the FINRA/NYSE TRF.  Order Protection Rule. This past week FIF hosted two calls for the Equity Market Regulations Working Group to continue discussion of the SEC rule proposal to rescind SEC Rules 611 (Order protection rule) and 610(e) (Locking or crossing quotations). During the first call, the Working Group...

FIF has scheduled a joint call for the Data & Technology and Front Office Committees for Monday July 13 at 2 pm ET. The agenda for the call is to discuss the SEC’s approval of the CT Plan Fee Schedule.

The next call for the 24x7 Trading Working Group will be on Tuesday July 14 at 11 am ET. The Working Group will discuss the FINRA rule filing to extend the TRF operating hours to 23x5, a draft FIF comment letter relating to qualifying overnight transactions, and off-exchange trading between 8 and 9 pm.

FIF has scheduled two calls for the Equity Market Regulations Working Group for this week to discuss the SEC’s rule proposal to rescind the order protection rule and the Reg NMS provisions relating to locking and crossing of quotations. The first call will be on Tuesday July 14 at 3 pm ET. The agenda for this call is to continue discussion of comments and questions submitted by FIF members. The second call will be on Thursday July 16 at 1 pm ET. The agenda for this call is to discuss the first draft of an FIF comment letter in response to the SEC’s rule proposal.

FIF has scheduled a joint call for the CAT Transaction Reporting and CAT Reference Database Working Groups for Wednesday July 15 at 2 pm ET. The Working Groups will discuss potential next steps relating to CAT governance. The Working Groups will also discuss the tradingSession field and reporting of derived values that are problematic for Industry Members.