The Data & Technology Committee will have its next call on Wednesday November 29 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 Stephen Dorrian of Cboe, who will discuss market data in Europe.

On November 16, FIF submitted a letter to the SEC on CAT reporting for RFQ responses that are not immediately actionable.

Margin Requirements for Covered Agency Transactions. Ignacio Sandoval of the Morgan Lewis law firm reviewed the new margin requirements for Covered Agency Transactions, which are scheduled to take effect on May 22, 2024. FIF invited the members of the FIF Back Office Committee and the FIF Financial Risk Regulations Working Group to participate on this call. Back Office Committee; Spotlight on T+1. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter was George Bollenbacher of Capital Market...

Cboe Global Markets, Inc. has successfully completed the migration of Cboe Japan to its advanced technology platform according to a story in MarketsMedia news. Formerly known as Chi-X Japan, Cboe Japan was acquired by Cboe Global Markets in July 2021 and rebranded as such in February 2022. Reinforcing the company’s commitment to enhancing the Japan market, Cboe said, “This effort involved migrating Chi-X’s platform to Cboe technology, so that Japanese customers can access Cboe’s wide range of markets, asset classes, data and product offerings, all designed to...

The Vienna Stock Exchange has included Barclays Bank Ireland as a new trading member on its platform. According to a story in The Trade news, the new international trading member will participate in trading immediately. These entities currently contribute to more than 85% of the equity turnover in Vienna. Specifically, 47.6% of the turnover originates from Germany, 20.7% from France (20.7%), and 11.3% from Ireland. Barclays joins a list of 66 members who are currently admitted to trading on the exchange, including 21 Austrian and 45 international banks and securities...

Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East are collaborating to develop digital fixed income securities, with the aim to broaden capital market use cases in the Middle East. According to a story in The Trade news. The collaboration will leverage ADX’s investment product knowledge and HSBC’s investment banking, capital markets and blockchain capabilities. “We believe that digital assets will grow in significance in the future and ADX intends to be at the forefront of this innovation,” said Abdulla Salem Alnuaimi, chief executive of ADX. “ADX and HSBC will explore a...

Citi has developed a new foreign exchange (FX) solution utilizing blockchain infrastructure in order to price and execute bilateral FX spot trades. According to a story in The Trade news, the current phase has tested spot FX for USD and SGD, with expectations for the underlying solution to be used for any fiat currency pair. The new application, currently available to clients, was created as part of the Monetary Authority of Singapore’s (MAS) ‘project guardian’ – a collaborative initiative between MAS and financial market players “seeking to test the feasibility of applications in...

FIF is excited to announce our 2023 Year-End Event, sponsored by Societe Generale. After opening remarks from Greg Zielinski, Chief Operating Officer (COO) of Société Générale Americas, there will be two panels, the first focusing on technology, specifically trading and market data in the cloud and hybrid environments. The technology panel will feature Brian Pomraning of Exegy, Anand Pradhan of NYSE and Prerak Sanghvi of Clear Street. The second panel will focus on implementation challenges of new regulations in 2024 and beyond. The regulatory panel will feature Mark Davies of S3 and...

The Back Office Committee will have its next call on Tuesday November 14 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter will be George Bollenbacher of Capital Market Advisors, who will discuss Getting to T+1 Settlement.