The next call for the Rule 605 Working Group will be on Monday June 1 at 1 pm ET. FIF members will review with the full Working Group a draft Rule 605 Fact Sheet relating to the upcoming Rule 605 amendments. The Working Group will also discuss issues and questions from FIF members relating to the upcoming Rule 605 amendments.

FIF has scheduled two calls for this week for the 24x7 Trading Working Group. The first call will be on Monday June 1 at 2 pm ET; the second call will be on Wednesday June 3 at 11 am ET. The Working Group will discuss a recent rule filing by the LULD Plan. The Working Group will also continue its discussion of (i) recent updates from the CTA Plan relating to the planned expansion of exchange trading hours, (ii) issues and questions from FIF members, and (iii) 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 2 at 1 pm ET; the second call will be on Wednesday June 3 at 2 pm ET; the third call will be on Thursday June 4 at 11 am. The Working Groups will continue their discussion of a draft FIF comment letter on the CAT Concept Release.

FIF has scheduled a joint call for the Back Office Committee and the Fixed Income Regulations Working Group for Wednesday June 3 at 1 pm ET to discuss applicability of the trade submission requirement to various Treasury clearing workflows, including RVP/DVP, Trade Away and Step Out transactions.  

The CAT Monthly Update Working Group call for June will be on Thursday June 4 at 2 pm ET. The Working Group will review guidance and updates from CAT LLC and FINRA CAT during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues relating to CAT reporting.

TRACE / RTRS Working Group. The TRACE / RTRS Working Group continued its discussion of a draft FIF comment letter in response to the FINRA rule filing to expand the TRACE affiliate indicator to apply to trades with FINRA member affiliates. Working Group members provided an update to the full Working Group on a May 12 FIF member call with SEC staff members relating to direct reporting of munis. 24x7 Trading Working Group. The 24x7 Trading Working Group discussed a recent DTCC update on T+1 confirmations. The Working Group discussed a FINRA Technical Notice relating to the extension of TRF...

According to the TRADE News, Broadridge has expanded its order routing and post-trade platform, NYFIX, enabling client access to overnight US equity liquidity through integrations with CAPIS and Blue Ocean. The extension leverages CAPIS’ high-touch trading capabilities and Blue Ocean’s overnight market access, to allow NYFIX clients to execute trades overnight, and support activity such as portfolio rebalancing, exposure adjustments and event-driven trading.

According to Traders Magazine, Cboe Global Markets announced the Securities and Exchange Commission (SEC) has approved its filing to begin offering extended trading hours for select multi-listed equity options. Cboe Options Exchange (C1) plans to begin offering the extended trading hours on July 13, 2026, subject to SEC approval of a related rule filing. The new multi-listed extended trading hours will include a pre-market session from 7:30 a.m. ET to 9:25 a.m. ET and a post-market session from 4:00 p.m. ET to 4:15 p.m. ET, Monday to Friday, covering some of the most actively...

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, TradeFi & the December 6th shift and the second will be on Digital Assets & Crypto – The Modern Blueprint. The event will take place on Wednesday June 17th at Daiwa Capital Markets' offices at 1251 Avenue of the Americas, 49th Floor, New York, NY 10020....