The SEC has scheduled an open meeting for Wednesday December 13 at 10 am ET to consider the adoption of rule amendments that would expand centralized clearing of Treasuries.

FIF has scheduled a call for the FIF Digital Assets Working Group for Thursday December 14 at 10 am ET. The Working Group will discuss current implementation challenges for digital assets trading based on current regulations and potential approaches for addressing these challenges. If you would like to participate on this call and are not a member of the FIF Digital Assets Working Group, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

The Back Office Committee will have its next call on Monday December 18 at 10 am to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. During the call, FIF will review the recent rule changes adopted by FINRA relating to T+1.

The Front Office Committee will have its next call on Tuesday December 19 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter will be Padma Kadiyala, Finance Professor at the Pace University Lubin School of Business, who will discuss and provide a demo of a trading transparency app.

Guidance from the SEC and FINRA on Fully-Paid Lending from a Foreign Omnibus Account. The Working Group discussed guidance received by an FIF member from the SEC and FINRA on conducting fully-paid lending from a foreign omnibus account. FIF CAT Monthly Update Working Group Call. The CAT Monthly Update Working Group reviewed guidance and updates from the CAT Plan Participants and FINRA CAT on CAT billing, CAT Transaction Reporting and CAT CAIS reporting during the prior month. The Working Group reviewed the current areas of focus for FIF members and the current open issues for CAT...

Bloomberg, MarketAxess and Tradeweb jointly announced they will not form an independent company to participate in the public procurement procedure to become the fixed income consolidated tape provider (CTP) in the European Union or the United Kingdom. The statement says: “Various developments in recent months have added further clarity to the risk and complexity of delivering this project under a joint venture from our three firms. For example, uncertain outcomes around product definitions and structural complexities would significantly increase the timeline and costs associated with this...

Europe’s equity derivatives market has historically been dominated by national exchanges each of which have primarily focused on their domestic market, requiring participants to connect to multiple exchanges and clearing houses to achieve pan-European coverage. According to a story in MarketsMedia News. Cboe Europe Derivatives (CEDX), which launched in 2021, has taken a different approach with the aim of lowering the barriers to entry for firms wishing to trade European derivatives and reverse a decade or so of stagnant volumes in European products compared to those in other developed...

Jefferies Financial Group announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada. With this expansion, Jefferies will now provide clients in depth expertise in advisory, M&A advisory, equity and debt capital markets, risk solutions, equity research, and sales and trading across all sectors in Canada. The Investment Banking team in Canada will be led by Bruce Rothney as CEO, along with the Honorable John Manley as Chairman, Ron Lloyd as Deputy...

HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading according to a story in MarketsMedia news. HSBC is exploring how quantum cryptography can safeguard highly sensitive trading data against possible cyber threats as powerful as future quantum attacks. HSBC armed its HSBC AI Markets Trading terminal with quantum protection, using Quantum Key Distribution3 to safeguard a €30 million trading scenario from Euros to US dollars. As this technology matures into a commercially accessible and globally scalable solution, HSBC is demonstrating...