An FIF member would like to discuss with other members managing stock plans for corporate clients, including whether they manage the activity at the omnibus level or the individual employee level. FIF has scheduled a ½-hour call for Thursday September 5 at 10 am ET to discuss this topic. If you are interested in this topic, please contact This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in this discussion.

The CAT Monthly Update Working Group call for September will be on Thursday September 5 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 created a new Working Group to discuss the recent joint rule proposal by the SEC and other financial regulatory agencies to implement the Financial Data Transparency Act. FIF has scheduled the first call for this Working Group for Monday September 9 at 1 pm ET. To join this Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it.. 

The next call for the Emerging Technologies Working Group will be on Tuesday September 10 at 10 am ET. As the spotlight topic, representatives from Lightbits will present on “AI and the Cloud: How to get Insight from Unstructured Data.”

FIF has scheduled the next call for the Digital Asset Securities Working Group for Tuesday September 10 at 11 am ET. Shawn Sloves of Fundamental Interactions will continue his review of open issues for broader adoption of digital asset securities.

FIF Data and Technology Committee. The Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter was Olivier Cousin from Exegy, who discussed the Exegy AMD Partnership on Tick to Trade Latency. Please find the meeting materials here and the full capacity report here. FIF Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.Please find the August agenda here. 

Cboe Global Markets has agreed to acquire a minority equity ownership stake in Japannext through a purchase of shares from SBI Holdings according to a story in The Trade news. SBI will transfer its 14.8% ownership interest in Japannext to Cboe, subject to regulatory approval. “Cboe, a global trading solution provider and market operator, will become a new shareholder of Japannext. We believe that this will promote innovation in the Japanese capital markets in ways that increase competitiveness, reduce trading costs and provide more choices for investors,” confirmed Masakatsu Yamada,...

Overnight trading, between 8pm ET and to 4am ET, at Interactive Brokers has increased 446% between the beginning of 2024 and the end of July, and is now 2.5% of all US trades, according to the automated electronic broker. Steve Sanders, executive vice president, marketing & product development at Interactive Brokers, said in a story in Markets Media that he believes the firm is the only truly global broker with clients in more than 200 countries. Interactive Brokers launched overnight trading in November 2022 with 24 US exchange-traded funds, and then added US stocks and ETFs in April...

S&P Global Market Intelligence unveiled a comprehensive look into the current state and projected growth of the core publicly traded companies within the technology and AI industry in the newest version of the Visible Alpha AI Monitor. The AI Monitor includes consensus estimates across 66 publicly traded U.S. technology companies. This data was aggregated by leveraging detailed sell-side analyst estimates and analysis of AI-exposed revenues, those revenue line items S&P Global Market Intelligence analysts have identified as likely to see growth from AI, to provide a...