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Digital Assets Working Group

FIF has scheduled the next call for the Digital Assets Working Group for Wednesday January 24 at 3 pm ET. The Working Group will discuss disclosure requirements for digital assets, including SEC Rule 15c2-11. Time permitting, the Working Group will also discuss reporting requirements for digital assets. If you would like to participate on this call and are not a member of the Digital Assets Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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AML and Sanctions

On Monday January 29 at 2 pm ET, Satish Kini and Robert Dura of the Debevoise law firm will review 2023 developments relating to anti-money laundering and sanctions regulations and key issues to focus on for 2024. FIF has invited the members of the Compliance and Surveillance Working Group and the SEC FINRA Regulations Working Group to participate on this call. If you would like to participate on this call and are not a member of either Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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Data & Technology Committee

The Data and Technology Committee will have its next call on Wednesday January 31 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Geralyn Endo of MEMX, who will provide an update on the launch of the MEMX Options Exchange.

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Cybersecurity Working Group

FIF has scheduled the next call for the Cybersecurity Working Group for Wednesday January 31 at 3 pm ET. Matt Weinberg of the Cybersecurity and Infrastructure Agenda (CISA) will provide a quarterly update on current threats to the financial industry. CISA is an agency of the US Department of Homeland Security. If you would like to participate on this call and are not a member of the Cybersecurity Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

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Working Group Update 1/16/2024

SEC Rule on Centralized Clearing of Treasuries. Penny Christophorou and Ignacio Sandoval of the Morgan Lewis law firm reviewed the rule recently adopted by the SEC to expand centralized clearing of Treasuries. Review of Current SEC and FINRA Regulatory Initiatives. FIF reviewed a digest of rules recently adopted or proposed by the SEC and FINRA. For the call this past week, the Working Group focused on SEC and FINRA rules relating to Technology, Operations and Finance and Equities. FIF CAIS Working Group. The CAIS Working Group discussed the recent CAIS system reload of certain FDID and...

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FIGIs Cover 8,000 Crypto Assets

Bloomberg and Kaiko, a leading cryptocurrency data provider, announced that Financial Instrument Global Identifiers (FIGIs) now cover almost 8,000 crypto assets, making the FIGI the most widely used open identifier in the space. The Financial Instrument Global Identifier is an open standard of the Object Management Group (OMG) and a recognized U.S. national standard by the American Standards Committee, X9, part of the American National Standards Institute (ANSI). Bloomberg and Kaiko issued the first series of FIGIs to cover crypto assets in 2021, as a push for standardization in a...

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Broadridge Launches GenAI-Powered OpsGPT to Transform Trading in T+1 Environment

Global Fintech leader Broadridge Financial Solutions, Inc. announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI) and Large Language Model (LLM) technology, OpsGPT uses transactions, settlements and positions data to provide clients real-time visibility for faster fails resolution, researching next best actions and prioritizing key risk items in a single, easy-to-use interface. The new application is a direct response to industry and...

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FIS Offers Expanded Sell-Side Cross-Asset Trading and Risk Solutions to Buy-Side Clients

Financial technology provider FIS has expanded its institutional buy-side offering in a bid to support firms as pressures to remain competitive increase. The expanded solutions from FIS seek to assist buy-side clients facing increased pressure to find new revenue streams, reduce risk, drive operational efficiency and deliver new value for their customers. As part of the expansion, FIS has extended its FIS’ Cleared Derivatives (CD) platform – historically used by clearing members – to buy-side firms including hedge funds, asset managers and insurance companies, allowing them to access...

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McKay Brothers offers lowest latency between NJ and Toronto

McKay Brothers, a provider of ultra-low latency wireless infrastructure and market data technology, has deployed the lowest known latency private bandwidth between key New Jersey equity exchanges and TMX Group exchanges in Markham, Ontario. McKay’s newest network connects equities markets at the NYSE in Mahwah and TMX Group’s exchanges in Markham in less than 1.754 milliseconds one-way (measured between the Mahwah carrier room and the TMX colo hall in Markham). McKay’s newest wireless network is part of a growing commitment to serve Canadian markets. McKay launched the lowest...

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