FIF has scheduled the next call for the Cybersecurity Working Group for Thursday May 23 at 3 pm ET. Matt Weinberg of the Cybersecurity and Infrastructure Agenda (CISA) will provide an update on current threats to the financial industry. CISA is an agency of the US Department of Homeland Security. The Working Group will also review recent FINRA and NSA updates relating to cybersecurity.

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.

SEC Rule on Short Position and Short Activity Reporting. The FIF Short Sales / Reg SHO / Short Reporting Working Group continued its review and discussion of a draft FIF letter to the SEC on implementation issues relating to SEC Rule 13f-2. Rule 13f-2 requires the reporting of certain short positions and daily net changes in positions. The Working Group continued its discussion of the jurisdictional scope of Rule 13f-2 reporting. The Working Group continued its discussion on reporting CUSIP and CINS identifiers. The Working Group discussed an inconsistency in the rule relating to the...

OTC Markets Group Inc., operator of regulated financial markets for 12,000 U.S. and global securities, introduced OTC Overnight, a new offering that will make OTC equity securities available for trading Sunday through Thursday between 8 PM and 4 AM eastern time. Active securities across the OTC market tiers, including global brands like Roche, Adidas, Air Canada and Techtronic Industries, will be eligible for trading in an overnight session by broker-dealer subscribers in U.S. dollars. OTC Markets expects that OTC Overnight will be available in the second quarter of this year on the OTC...

Barclays Bank has gone live on market structure infrastructure group CLS’ Cross Currency Swaps (CCS) service according to a story in The Trade news The CCS service, which is an extension of CLS’s payment-versus-payment (PvP) settlement service CLSSettlement, mitigates settlement risk for CCS transactions. Through the integration of CCS flows into CLSSettlement, the offering provides multilateral netting against all other FX transactions, resulting in liquidity optimisation benefits alongside reducing client’s daily funding requirements. “The adoption of our CCS service by Barclays, one of...

Interactive Brokers, an automated global electronic broker, announced the launch of cryptocurrency trading in the United Kingdom as a new addition to its platform. Individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK), including financial advisers, can now trade crypto assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) alongside the broad range of investment products available through Interactive Brokers from a single unified platform. According to a story in MarketsMedia news, eligible clients of IBUK can transact...

Bloomberg announced its pricing solution, Intraday BVAL (IBVAL) Front Office, now covers all EUR and GBP investment grade and high yield credit bonds included in Bloomberg’s flagship Europe and UK credit indices, and more. New contextual features have also been released giving traders insight into IBVAL’s pricing. This marks the latest expansion of IBVAL, which launched in 2023 pricing USD credit securities. IBVAL uses an innovative machine learning model that consumes billions of market data points from a variety of data sources to deliver real-time pricing across the liquidity...

Onyx, J.P. Morgan’s blockchain business unit, and Broadridge, a global fintech leader, are collaborating to offer JPM Coin as the settlement mechanism for Broadridge’s DLR (Distributed Ledger Repo) platform. JPM Coin will complement DLR’s repo capabilities, which offer intra-day repo in addition to the current overnight and term repo capabilities prevalent in the market. The two firms have successfully tested use of JPM Coin with DLR, and it is anticipated that JPM Coin will be available to Broadridge users as a settlement solution by June 2024.

FIF is pleased to welcome Canaccord Genuity to the FIF Community