The FIF CAT Monthly Update Working Group call for March will be on Thursday March 7 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 a call for the Rule 605 and 606 Working Groups for Monday March 11 at 2 pm ET as a follow-up to the SEC open meeting on Rule 605, which is scheduled for March 6. The Working Group will review the changes to Rule 605 that are adopted by the SEC. The Working Group will also discuss FINRA Regulatory Notice 24-05, which announces the new requirement for FINRA members to file their quarterly Rule 606(a) reports with FINRA.   

Presentation by Amazon Web Services on Running an Exchange in the Cloud. FIF hosted a call for the Data and Technology Committee and the Emerging Technologies Working Group. Alex Mirarchi and Mike Perna of Amazon Web Services discussed their recent white paper on Running an Exchange in the Cloud. Residential Supervisory Locations Subgroup. FIF hosted a call for this subgroup to discuss the FINRA rule change relating to Residential Supervisory Locations (“RSLs”) and FINRA Regulatory Notice 24-02, which provides implementation details for designating RSLs. Front Office Committee. The...

Intercontinental Exchange and trading communications solutions provider IPC Systems are set to launch ICE Voice, a cloud-based audio solution for traders and professional investors. ICE Voice will be offered with ICE Chat, bringing together the latter’s network of over 120,000 active users and IPC’s Connexus Unigy private cloud platform to offer always on, open communications between individuals or groups of traders across internal trading desks, alongside any other registered ICE Chat users. The new functionality will allow users to switch from chat to voice instantly, as well as being...

FIS has acquired SaaS post-trade platform Torstone Technology, according to a story in The Trade news.  The deal will bolster FIS’ capital markets technology offering, having acquired SunGard in a major deal back in 2015. The firm has also expanded through a number of other bolt-on acquisitions. Torstone is a global SaaS platform for post-trade securities and derivatives processing technology, originally built by and for a global investment bank.  

Deutsche Bank announced the release of a new Sustainable Finance Framework, outlining the methodologies and procedures, including the environmental and social criteria and categories, used by the bank to classify transactions and financial products as “sustainable.” According to a story in The Trade news, the new framework is the second to be released by Deutsche Bank, following the initial sustainable finance framework launched by the bank in July 2020, after the bank had committed earlier that year to a target to grow its sustainable financing and portfolio of ESG investments under...

Interactive Brokers, an automated global electronic broker, is excited to introduce IBKR Desktop, the next-generation desktop trading application for Windows and Mac, engineered for today’s traders who demand simplicity but value Interactive Brokers’ powerful trading tools. IBKR Desktop marks a new chapter for innovation and focus on the intuitive user experience at Interactive Brokers. At its launch, IBKR Desktop offers global access to stocks, options, and futures on over 150 markets, along with exclusive trading tools designed to elevate investment strategies.

Virtu Financial, a provider of financial services and products that leverage technology to deliver innovative trading solutions to clients and liquidity to the global markets, announced a strategic engagement with ClearingBid, Inc., an IPO investing network according to a story in Markets Media news. Under the terms of the agreement, ClearingBid’s proprietary IPO network will leverage Virtu ITG Net’s scaled connectivity platform. All brokers and financial institutions that rely on Virtu’s connectivity to complete millions of transactions every day will now be able to place orders for IPO...

Trading infrastructure provider Exegy has added intraday signals to its AI-powered iceberg order detection offering, Liquidity Lamp. According to a story in The Trade news, the development will offer quantitative traders visibility on the volume of iceberg orders throughout the day using summary files delivered every 10 minutes. Exegy claims that Liquidity Lamp offers a distinct perspective on US equities trading, helping filter out the ‘noise’ created by retail and high-frequency trading (HFT) activities. Summarized updates on iceberg trading activity are provided as a CSV file via a...