The TRACE / RTRS Working Group will have its next call on Tuesday May 26 at 2 pm ET. The Working Group will continue 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 member affiliates. Working Group members will also provide an update to the full Working Group on a May 12 FIF member call with SEC staff members relating to direct reporting of munis.

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 May 26 at 3 pm ET; the second call will be on Wednesday May 27 at 2 pm ET; the third call will be on Thursday May 28 at 11 am. The Working Groups will continue their discussion of a draft FIF comment letter on the CAT Concept Release. The Working Groups will also discuss the deletion of CAT data after three years and an FIF member survey on CAT and EBS costs.

The Data & Technology Committee will have its next call on Wednesday May 27 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 next call for the 24x7 Trading Working Group will be on Wednesday May 27 at 11 am ET. The Working Group will (i) discuss recent updates from DTCC, FINRA and the CTA Plan relating to the planned expansion of exchange trading hours, and (ii) 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 the next call for the Short Sales / Reg SHO / Short Reporting Working Group for Thursday May 28 at 1 pm ET. The Working Group will continue its discussion of a draft FIF comment letter on the rule filing by FINRA to amend short interest reporting (FINRA Rule 4560; proposed FINRA Rule 4321). 

FIF Webinar on Electronic Communications Compliance. FIF hosted a webinar on Electronic Communications Compliance on Tuesday May 19. The moderator for the webinar was Holly Dito of Daiwa. The panelists were Meredith Abrams of the Simpson Thacher law firm, Thoreau Bartmann of the K&L Gates law firm, Rajni Chidambaram of Interactive Brokers, and Donald McElligott of Global Relay. FIF would like to thank the moderator and panelists for their participation on the webinar and the informative and timely discussion. Regulatory Implementations Calendar. FIF hosted a joint call for the SEC...

The London Stock Exchange Group’s (LSEG) foreign exchange trading venue, FXall, is preparing to launch a service that separates credit risk from market-making in FX forwards trades with buy-side clients. Risk.net understands the service – Split Risk – will allow buy-side users to enter outright forwards by trading a combination of spot and an FX swap. The two elements can be traded with different parties, allowing users to get best execution price on both legs.

According to The Block, Robinhood's C$250 million (approximately $180 million) acquisition of Canadian crypto firm WonderFi cleared its final regulatory hurdle after Canada's investment regulator approved the deal. The Canadian Investment Regulatory Organization granted approval on May 20 for WonderFi's subsidiary Coinsquare Capital Markets. CIRO’s nod marked the last sign-off required with both companies now targeting a June 1 close, WonderFi said in a press release.

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 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. Registration begins at 4:30 pm ET; the...