The CAT Monthly Update Working Group call for July will be on Thursday July 11 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 scheduled a call for the Digital Assets Working Group for Tuesday July 23 at 10 am ET. Shawn Sloves of Fundamental Interactions will discuss current challenges for short sales of digital assets and potential approaches for addressing these challenges.

FIF will host a webinar on trade surveillance on Tuesday July 30 at 3 pm ET. Holly Dito of Pershing will moderate the panel. The panelists will be Steve Bonanno of BXS, Ted Karn of The Karn Group, Chris Montagnino of Jordan & Jordan, and Jeremy Vest of S3. FIF has invited the members of the Compliance and Surveillance Working Group to the webinar. FIF will provide additional detail about the webinar content prior to the event.

FIF has scheduled the next call for the Tax Information Reporting Working Group for Thursday August 1 at 3 pm ET. Stevie Conlon and other representatives from Wolters Kluwer will review and discuss the final IRS digital asset broker reporting regulations.

FIF CFTC Large Trader Reporting Subgroup. FIF hosted a call for the CFTC Large Trader Reporting subgroup. The subgroup continued its review and discussion of the CFTC’s recent amendments to the CFTC Large Trader Reporting requirements and the Part 17 Guidebook published by the CFTC. FIF Securities Lending Transparency Working Group. The Securities Lending Transparency Working Group continued its review and discussion of the SLATE Participant Specification published by FINRA. FIF CAT Transaction Reporting Working Group. The CAT Transaction Reporting Working Group reviewed and made final...

UBS announced that it has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG. Credit Suisse (Schweiz) AG has been deregistered from the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. UBS Switzerland AG has succeeded to all the rights and obligations of Credit Suisse (Schweiz) AG. The merger of the Swiss entities facilitates the migration of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, following business, client- and product-specific requirements. While clients of Credit Suisse (Schweiz) AG have...

Interactive Brokers has launched the Eurex/KRX link, extending trading hours for Korean KOSPI 200 derivatives. According to a story in The Trade news, the offering enhances and aligns trading opportunities for users across the Korean, US, and European time zones, making Korean derivatives available during US and European trading hours. Milan Galik, chief executive of Interactive Brokers highlighted exactly what time means for users: “Clients can now take advantage of extended hours to trade in one of the world’s most liquid derivatives markets. Our global client base, including APAC,...

BNP Paribas has expanded its relationship with CobaltFX, part of United Fintech, in a bid to enhance market liquidity by streamlining allocation for credit for FX transactions between banks. As part of the expanded relationship BNP Paribas has onboarded CobaltFX’s solution Dynamic Credit. It will also gain access to CobaltFX analytics. According to a story in The Trade news, the new capabilities would allow BNP Paribas to address “regulatory concerns and set a new standard for precision and effectiveness in market operations”.“We see this as an important initiative to address regulatory and...

Cboe Global Markets has partnered with index provider FTSE Russell to develop new digital asset derivatives, including cash-settled index options. In 2022 Cboe completed the acquisition of Eris Digital Holdings (ErisX), which operated a U.S. based digital asset spot market, a regulated futures exchange and a regulated clearinghouse. To enter digital asset spot and derivatives markets, including clearing and settlement, ErisX was operated as a subsidiary, Cboe Digital, with its own regulated designated contract trading venue for physically delivered futures contracts, cleared...