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. 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..

FIF OFR Repo Reporting Working Group. FIF hosted two calls this past week for the OFR Repo Reporting Working Group. The Working Group discussed reporting for a foreign affiliate, the maximum file size and the definition of guarantee. The Working Group reviewed a matrix of cross-border scenarios. The Working Group discussed the exclusion of government securities dealers and government securities brokers for determining whether a firm qualifies as a Category 2 Covered Reporter. The Working Group completed its review and discussion of a draft supplemental letter to the OFR. FIF submitted...

Warburg Pincus has invested $100 million in Miami International Holdings (MIAX) to support the continued global expansion, subject to certain conditions. MIAX’s stated strategy is to build a diversified revenue stream across multiple asset classes and geographies. Thomas Gallagher, chair and chief executive of MIH, said: “The investment will provide MIH with additional funding to expand strategic partnerships in financial futures and proprietary products and will also provide capital to pursue acquisitions in the US and internationally...

Northern Trust will support Nedgroup Investments with its new fixed income platform through its Integrated Trading Solutions (ITS) offering. Northern Trust has been selected to provide outsourced trading to global asset manager Nedgroup Investments via its Integrated Trading Solutions (ITS). Specifically, Northern Trust will support Nedgroup with its new in-house multi-boutique fixed income platform. The firm confirmed that the premier fund on the platform, Nedgroup Investment’s Global Strategic Bond Fund, is set to feature a range of active fixed income strategies.

Interactive Brokers, an automated global electronic broker, announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global corporate bonds, European Government Bonds (EGBs) and UK Gilts for up to 22 hours a day. In addition, clients will now be able to trade Swiss Franc-denominated (CHF) bonds on the IBKR platform. With the addition of Swiss government bonds and a wide array of global corporate bonds priced in CHF, IBKR has added to its universe of bonds denominated in...

The next call for the OFR Repo Reporting Working Group will be on Monday August 19 at 11 am ET. The Working Group will continue its review of a draft supplemental letter to the Treasury Department’s Office of Financial Research (OFR) requesting additional guidance relating to the new requirement to report to the OFR repos that are executed bilaterally and not centrally-cleared.

FIF has scheduled the next call for the Rule 606 Working Group for Monday August 19 at 2 pm ET. The Working Group will continue its review and discussion of a revised draft FIF letter to the SEC requesting guidance on how to report the percentage of orders routed to different venues in Rule 606(a) reports.

The Back Office Committee will have its next call on Tuesday August 20 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

FIF has scheduled the next call for the Securities Lending Transparency Working Group for Tuesday August 20 at 1 pm ET. The Working Group will continue its review of a draft FIF comment letter in response to (i) the FINRA rule filing to adopt rules for the new Securities Lending and Transparency Engine (SLATE) system and (ii) the draft FINRA Participant Specification for SLATE.