The CAT Monthly Update Working Group call for June will be on Thursday June 6 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 reporting 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 the next call for the FIF Short Sales / Reg SHO / Short Reporting Working Group for Thursday June 6 at 3 pm ET. The Working Group will continue its review and discussion of a draft FIF letter to the SEC requesting guidance on the implementation of SEC Rule 13f-2 on Short Position and Short Activity Reporting. The Working Group will also discuss issues and questions from FIF members relating to the implementation of Rule 13f-2.

An FIF member would like to discuss the CFTC’s recent amendments to the CFTC Large Trader Reporting requirements. If you are interested in this topic, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in this discussion.

FIF OFR Repo Reporting Working Group. The Working Group continued its review and discussion of the documentation published by the Treasury Department’s Office of Financial Research (OFR) relating to reporting for repos that are executed bilaterally and not centrally-cleared (NCCBR repos). The Working Group discussed comments from an FIF member relating to the implementation timetable for this new reporting requirement. SEC Rule on Short Position and Short Activity Reporting. The FIF Short Sales / Reg SHO / Short Reporting Working Group discussed comments and questions from FIF members...

The New York Stock Exchange plans to list index options tracking the price of bitcoin (BTC), bringing another traditional finance giant into the cryptocurrency space. The cash-settled derivatives will track the CoinDesk Bitcoin Price Index (XBX), a 10-year-old benchmark operated by the news organization's corporate sibling, CoinDesk Indices. The XBX is currently the benchmark for $20 billion in exchange-traded fund assets under management, according to the press release announcing the partnership. Bitcoin derivatives helped pave the way for this year's introduction of spot bitcoin...

Stifel Financial has partnered with Marex Group in a prime brokerage referral partnership, with the goal of more effectively servicing both firms’ hedge fund and investment management clients according to a story in MarketsMedia news. Through the partnership, Marex’s institutional clients will gain access to Stifel’s research banking and corporate access services. In turn, Stifel clients will be offered Marex’s trading and execution capabilities by the institutional sales and trading group. John Spensieri, co-head of equity trading at Stifel, commented: “Marex has a well-established prime...

The use of JP Morgan’s JPM Coin token on Broadridge’s distributed ledger repo (DLR) platform allows faster and more flexible settlement, so participants can manage their liquidity and capital more efficiently. According to a story in MarketsMedia news, the DLR platform uses blockchain technology to offer clients intra-day, overnight and term repo capabilities. Broadridge Financial Solutions launched its distributed ledger repo (DLR) platform in 2021 and the cash leg has been settled using traditional finance payment rails, which is slower than the instantaneous, or atomic, settlement that...

Cboe Global Markets has set out plans to expand its credit futures product universe with the listing of new index futures on Cboe Futures Exchange. Cboe iBoxx $ Emerging Market Bond Index futures will be listed for trading on June 17. The new futures will be based on the S&P Dow Jones Indices’ iBoxx USD Liquid Emerging Market Sovereigns and Sub-Sovereigns Index. The futures will be exchange-traded and centrally cleared. Cboe confirmed this will limit counterparty risk compared to over-the-counter instruments. They will be cash settled and available to trade almost 24 hours per...

The Front Office Committee will have its next call on Tuesday May 28 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.