FIF has scheduled an additional call for the CAT Transaction Reporting Working Group for this week. The call will be on Thursday November 16 at 11 am ET and will focus on CAT billing and other issues as time permits. This will be in addition to the regulatory scheduled CAT Transaction Reporting Working Group call on Wednesday November 15 at 2 pm ET, which will focus on CAT reporting for not immediately actionable RFQ responses and the exemptive order published by the SEC on November 3 (including CAT reporting by a routing firm of port settings applied by a receiving firm).

On Thursday November 16 at 2 pm ET, Ignacio Sandoval of the Morgan Lewis law firm will review the new margin requirements for Covered Agency Transactions, which are scheduled to take effect on May 22, 2024. FIF has invited the members of the FIF Back Office Committee and the FIF Financial Risk Regulations Working Group to participate on this call. If you would like to participate on this call and are not a member of either Committee or 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..

An FIF member would like to discuss with other FIF members implementing clock synchronization requirements for debt securities based on FINRA Rule 4590, Supplementary Material .02. If you would like to participate in this discussion, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Securities Lending Transparency Working Group. Ignacio Sandoval of the Morgan Lewis law firm completed a review of the SEC’s recently-adopted rule to require Reporting of Securities Loans. The Working Group discussed various implementation issues relating to the rule proposal, including how end-of-day should be defined, timestamp granularity, how spread-based pricing should be reported to FINRA and disseminated by FINRA, reporting on an “if-known” basis, fees to be charged by FINRA to cover the costs of developing and operating the reporting system, and reporting for rolling/evergreen...

Northern Trust has reached an agreement to make available Novata’s ESG data management software solution to Northern Trust asset servicing clients, following a strategic investment in the company. According to a story in Traders Magazine, the addition of Novata’s data management solution is an extension of Northern Trust’s Whole Office strategy that will provide asset owners a clearer view of the ESG impact of private companies on investment portfolios and simplify the ESG data collection process for investors and portfolio companies. Northern Trust Whole Office facilitates...

Broadridge Financial Solutions, Inc.  announced the expansion of its Shareholder Disclosure solution to meet the specific regulatory requirements in the UK, Australia and Hong Kong markets. The solution is operating live in all three markets. The Broadridge solution leverages next-gen blockchain technology and intelligent APIs to support client workflow and connectivity needs. Across Europe it already has a proven track record for increasing transparency and automation through the digitization of shareholder disclosures, supporting market intermediaries -...

Bloomberg announced a new Instant Bloomberg (IB) add-on service that supports clients' digital transformation initiatives. The IB Connect: Intra-Firm Chatbots offering enables Bloomberg Terminal users to add approved, proprietary chatbots to IB chat rooms in which all users are members of the same firm. Clients may invoke Intra-Firm Chatbots to automatically surface important information from their internal systems in IB to be shared with colleagues and facilitate in-house business intelligence discoverability. IB Connect is a set of services that enable Bloomberg Terminal...

DTCC announced the launch of DTCC’s OTC Direct Connect, a service providing seamless access to OTC derivatives transactions data that are reportable in the U.S. and Canada. With OTC Direct Connect, investment professionals, data vendors, and business support teams who are active in the derivatives markets gain access to a fast and frictionless data delivery solution helping subscribers manage market risks and trading risk factors in near real-time. OTC Direct Connect eliminates manual data collection methods, providing scalability and automated access to DTCC Data Repository (U.S.)...

FIF is excited to announce our 2023 year-end event, sponsored by Société Générale. After opening remarks from Société Générale, 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 Prerak Sanghvi of Clear Street, with additional panelists being announced soon. The second panel will focus on implementation challenges of new regulations in 2024 and beyond. The regulatory panel will feature Mark Davies of S3, with additional panelists being announced soon. FIF Advisory...