The 24x7 Trading Working Group will have its next call on Tuesday June 9 at 11 am ET. The Working Group will continue its discussion of a draft FIF letter to the SEC and FINRA on implementation issues relating to the planned expansion of exchange trading hours. 

FIF has scheduled three joint calls for the CAT Transaction Reporting and CAT Reference Database Working Groups for this week. The first call will be on Tuesday June 9 at 2 pm ET; the second call will be on Wednesday June 10 at 2 pm ET; the third call will be on Thursday June 11 at 3 pm ET. The Working Groups will continue their discussion of a draft FIF comment letter on the CAT Concept Release.

The next call for the Digital Asset Securities Working Group will be on Monday June 15 at 2 pm ET. The Working Group will discuss the SEC’s approval of Paxos as a clearing agency.

24x7 Trading Working Group. FIF hosted two calls this past week for the 24x7 Trading Working Group. The Working Group discussed FAQs and updates to technical documentation published by the CTA Plan relating to extended trading hours. The Working Group discussed the rule filing by the Plan to Address Extraordinary Market Volatility relating to price bands for extended trading hours. The Working Group discussed the short sale locate process for extended trading hours. Working Group members updated the full Working Group regarding a call with FINRA on EBS reporting for extended exchange...

According to Markets Media, Intercontinental Exchange, Inc., one of the world’s leading providers of financial market technology and data powering global capital markets, announced it is part of Anthropic’s cybersecurity initiative, Project Glasswing. ICE operates some of the world’s most critical financial infrastructure. As part of Project Glasswing, ICE has deployed Anthropic’s Claude Mythos Preview into its cybersecurity infrastructure to help identify and remediate any vulnerabilities before they can be exploited through emerging AI capabilities.

According to the Wall Street Journal, the largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies that are seeking to wade deeper into their territory under President Trump. The new network will connect traditional payment rails with the infrastructure that digital assets run on. It will be operated by a real-time payment network company called the Clearing House, which is co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks.

FIF is pleased to welcome Mirae Asset Securities to the FIF Community

FIF is excited to announce our next in-person event, sponsored by Daiwa Capital Markets, The Shift to 23/5: Convergence and Divergence in TradFi & Digital Asset Infrastructure. After opening remarks from Chief Risk Officer, Ben Genek of Daiwa, there will be two panels, one on Extended Trading Hours, TradFi & the December 6th Shift and the second will be on Digital Assets & Crypto – The Modern Blueprint. The Extended Trading Hours panel will be moderated by Tom Jordan of Jordan & Jordan, and the panelists will include Brian Hyndman of Blue Ocean...

On May 27, FIF submitted a comment letter to the SEC on the rule filing by FINRA to expand the TRACE affiliate indicator to apply to trades with affiliates that are FINRA members. FIF would like to thank the members of the TRACE / RTRS Working Group for their contributions in the drafting of this letter.