Cboe Global Markets has announced plans to launch the Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index) in the third quarter of this year. The new index will be calculated using listed options on the iShares 20+ Year Treasury Bond ETF (TLT) and will enable market participants to track future expected volatility in the US Treasury market. VIXTLT Index will be available in both percentage price volatility and basis point volatility terms. The new offering expands Cboe’s volatility index suite and adds to Cboe’s current offering of more than 450 derivatives-based...

BNY Mellon has announced that after 240 years in operation and being America’s oldest bank, the financial institution has rebranded to BNY, with changes to the logo including a modern font, a refined arrow, and a distinctive teal color. The BNY brand and logo will be deployed across the company immediately with some updates continuing over the next 12 months or more.

n-Tier is engaging the evolving SEC Rule 13f-2 requirements and implications, ensuring industry compliance through their growing solution suite. Last October marked the approval of Rule 13f-2, the SEC’s latest effort to enhance transparency into the short selling of equity securities. As part of their new disclosure mandates, investment managers that meet or exceed certain reporting thresholds will be required to submit specified short position data and monthly activity via Form SHO.  The SEC’s definition of investment manager includes “buy side” investment management firms, as...

Interactive Brokers, an automated global electronic broker, announced the addition of European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). This addition allows Interactive Brokers' clients another means to trade European equity derivatives alongside a range of global financial instruments, including stocks, options, futures, currencies, bonds, funds and more, from a single unified platform. Adding access to CEDX complements Interactive Brokers’ existing European equity derivatives offering through Eurex and Euronext and gives...

On June 14, FIF submitted a comment letter to the SEC relating to the implementation of the SEC’s new Form SHO reporting requirement. FIF would like to thank the members of the FIF Short Sales / Reg SHO / Short Reporting Working Group for their contributions in the drafting of this comment letter.

FIF has scheduled a call for the OFR Repo Reporting Working Group for Monday June 17 at 2 pm ET. The Working Group will discuss issues and questions from FIF members relating to the reporting requirement recently adopted by the Treasury Department’s Office of Financial Research to require reporting of repos that are executed bilaterally and not centrally-cleared (NCCBR repos).  

The Back Office Committee will have its next call on Tuesday June 18 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month. The spotlight presenter will be Robert Cavallo from DTCC, who will provide an update on the roll-out of T+1.

FIF has scheduled a call for the CAT Transaction Reporting Working Group for Tuesday June 18 at 1 pm ET to review and discuss a draft exemptive request to the SEC relating to linkage of representative orders and quotes to customer orders and linkage of order fulfillments to representative and principal orders and quotes. FIF has cancelled the regularly scheduled Wednesday CAT Transaction Reporting and CAT CAIS Working Group calls for this week because of the Juneteenth holiday.

FIF has scheduled a call for the Digital Assets Working Group for Tuesday June 18 at 2 pm ET. Shawn Sloves of Fundamental Interactions will discuss SEC requirements relating to the trading and settlement of digital assets and practices by market participants to adapt to these requirements.