AI-powered fixed income trading platform backed by Broadridge Financial Solutions Inc. announced its strategic partnership with TransFICC, a provider of e-trading technology for fixed income markets. This collaboration enables dealers to more quickly and efficiently onboard and connect to LTX, via TransFICC’s One API for eTrading platform. Venue onboarding can be a complex and time-consuming task exacerbated by limited technical resources for the fixed income sector. TransFICC's high-performance and reliable technology tackles the challenges of fragmentation, complex...

Société Générale has gone live on market infrastructure group CLS’ cross currency swaps (CCS) service. According to a story in The Trade news, CCS trades have notable settlement risk exposure linked to the high value of the initial and final principal exchanges. Settling these trades on a gross bilateral basis also results in operational inefficiencies and liquidity constraints. The CCS service can be used in conjunction with post-trade processing platform MarkitWire to integrate CCS flows into CLSSettlement, providing the ability for participants to benefit from multilateral netting...

StoneX Group announced that its wholly owned subsidiary, StoneX Financial Limited has been awarded General Clearing Member (GCM) status by European Commodity Clearing AG (“ECC”). According to a story in MarketsMedia news, ECC is the leading clearinghouse specializing in energy and commodity products in Europe, providing clearing and settlement services for exchanges and over-the-counter markets, ensuring financial stability and mitigating counterparty risk in the trading of energy and commodities. A key benefit for StoneX Financial is the ability to deliver an expanded range of services to...

Update: Please register before 11am ET today to secure a printed nametag. All registrants after this time will receive a handwritten nametag. FIF is excited to announce our 2024 Year-End Holiday Event, hosted by Société Générale on December 3rd from 3:00 pm to 7:30 pm ET. After opening remarks from Michael Walsh of Société Générale, there will be two panels. The first panel, on Regulatory Implementation Challenges for 2025, will feature 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...

On November 20, FIF submitted a letter to FINRA, the MSRB and the Federal Reserve Board on the  recent FINRA and MSRB rule changes to require one-minute reporting to TRACE and RTRS, subject to exceptions for manual activity and firms with limited trading activity. FIF would like to thank the members of the TRACE Working Group for their contributions in the drafting of this letter.

FIF has scheduled a call for the Short Sales / Reg SHO / Short Reporting Working Group for Monday November 25 at 10 am ET. The Working Group will continue to discuss the implementation of short position reporting, including an update on a call with staff from the SEC’s Division of Trading and Markets and Division of Economic and Risk Analysis on November 22.

The OFR Repo Reporting Working Group will have its next call on Monday November 25 at 11 am ET. The Working Group will continue to discuss the implementation of the new requirement to report non-centrally cleared bilateral repos to the Treasury Department’s Office of Financial Research.

The Data and Technology Committee will have its next call on Monday November 25 at 3 pm ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets.

FIF has scheduled a call for the Securities Lending Transparency Working Group for Tuesday November 26 at 11 am ET. The Working Group will review the recent amendment filed by FINRA relating to the SLATE reporting system and the recent filing by FINRA relating to SLATE fees.