Broadridge has launched a new artificial intelligence powered insights service aimed at arming the buy-side with better information around algorithmic strategies on NYFIX, the firm’s order routing network. The new service will offer insights to hedge funds, asset managers and other buy-side based off real-time liquidity mapping. It claims to be the only service of its kind, leveraging private and public data to understand the liquidity landscape, including potential dark fil locations. Broadridge said its approach identifies “ideal algorithmic execution” for orders and reduces outliers to...

Intercontinental Exchange, Inc announced the launch of MSCI® MarketAxess Tradable Corporate Bond Index futures.The futures contracts will be based on MSCI and MarketAxess’ newly created corporate bond indices. These tradable indices aim to provide a benchmark for the performance of the corporate bond market, incorporating sector and credit allocation to ensure low tracking error to the MSCI parent indices and reliable replication of the credit market. ICE’s four futures contracts offer a way for institutional investors to integrate corporate bond hedges into their investment process and are...

Societe Generale has completed its first repo transaction fully executed on public blockchain – on SG-FORGE according to a story in The Trade news. The transaction was made with Banque de France and represents the first repo transaction in digital securities with an Eurosystem’s central bank. “This transaction demonstrates the technical feasibility of interbank refinancing operations directly on blockchain. It illustrates the potential of a Central Bank Digital Currency (CBDC) to improve the liquidity of digital financial securities,” said Societe Generale in an official announcement....

Last week FIF held one of its largest events ever at the offices of Societe Generale. After opening remarks from Michael Walsh of Société Générale, there were two fantastic panels. The first panel, on Regulatory Implementation Challenges for 2025, featured Vaibhav Bang of Société Générale, Tom Hochleutner of Clear Street, Ian Park of n-Tier fs and Jacki VanMoer of Goldman Sachs. The second panel, on Retail Trading and Expanded Trading Hours, featured Matt Billings of Robinhood, Gary Goldsholle of Charles Schwab, Venu Palaparthi of DriveWealth and Kevin Tyrrell of NYSE. FIF would like to...

On December 2, FIF submitted a comment letter to the SEC in support of the rule filing by the CAT Plan Participants to reduce CAT operating costs. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this comment letter.

On December 6, FIF submitted a comment letter to the SEC in support of the proposed plan amendment by the CAT Plan Participants to permanently exempt verbal pre-order communications from CAT reporting. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this comment letter.

FIF has scheduled a call for the Short Sales / Reg SHO / Short Reporting Working Group for Monday December 9 at 11 am ET. The Working Group will continue to discuss the implementation of short position reporting.

The Back Office Committee will have its next call on Tuesday December 10 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter will be Jackie Gude of DTCC, who will discuss DTCC’s plans for extended trading hours.

FIF has scheduled a call for the T+1 / Trade Date Affirmations subgroup for Tuesday December 10 at 2 pm ET. The subgroup will discuss a question from an FIF member relating to trade date affirmations. If you would like to participate on this call and are not a member of this subgroup, please contact This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you on this call.