FIF has scheduled the next call for the FIF Securities Lending Transparency Working Group for Monday November 6 at 2 pm ET. Ignacio Sandoval of the Morgan Lewis law firm will complete the review of the SEC’s recently-adopted rule to require Reporting of Securities Loans. The Working Group will also discuss various implementation issues relating to the rule proposal raised by FIF members, including how end-of-day should be defined, how a platform or venue should be defined, timestamp granularity, how spread-based pricing should be reported to FINRA and disseminated by FINRA, and reporting on...

FIF has scheduled the next call for the FIF Rule 606 Working Group for Monday November 6 at 3:30 pm ET to continue the discussion of Rule 606 reporting for the pass-through of CAT fees. The Working Group will also discuss issues and questions from FIF members relating to Rule 606 reporting.

FINRA CAT will host a second CAT Billing Webinar on Tuesday November 7 at 4:15 pm ET. FIF has sent a calendar invite for this webinar to the members of the FIF CAT Transaction Reporting Working Group.

FIF has scheduled a call for Thursday November 9 at 2 pm ET to continue the review of regulatory reporting fines for 2022 and 2023. The Working Group will also review a summary of findings for each regulatory report, including CAT, EBS, LOPR, Rule 605, Rule 606, short interest reporting, swap data reporting, TRACE, trade advertising and TRF/ORF. All firm names and dates are excluded from the presentation. FIF has invited the members of the Compliance and Surveillance Working Group and the newly-created Regulatory Reporting Fines Working Group to participate on this call. If you would like...

An FIF member would like to discuss with other members the requirement under SEC Rule 17a-11(c) for a broker-dealer to provide same-day notice to the SEC and FINRA if the firm fails to make and keep current any books and records required by SEC Rule 17a-3. If you are interested in participating in this  discussion and are not already a participant in the FIF electronic recordkeeping sub-group, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Short Sales / Reg SHO / Short Interest Reporting Working Group. The FIF Short Sales / Reg SHO / Short Interest Reporting Working Group reviewed and discussed the SEC’s recent adoption of a rule to require monthly reporting of short positions and short activity. During the call, FIF members identified a number of implementation challenges and areas where further guidance is required from the SEC. FIF CAT Monthly Update Working Group Call. The FIF CAT Monthly Update Working Group reviewed guidance and updates from the CAT Plan Participants and FINRA CAT on CAT billing, CAT Transaction...

HSBC announced the first trades tokenizing the ownership of physical gold held in HSBC’s London vault, using distributed ledger technology (DLT). According to a story in MarketsMedia news, HSBC has developed this capability by creating a ‘digital twin’ of an existing physical asset – specifically loco London gold that is custodied in HSBC’s vault. Tokenized physical gold can be traded between HSBC and institutional investors through the HSBC Evolve single dealer platform, or through an application programming interface (API). HSBC’s approach to gold tokenization generates a permissioned...

Broadridge Financial Solutions has launched a new solution designed to meet the needs of asset managers with high volume and/or high-touch orders. Named NYFIX Fill Matching, the FIX based real-time reconciliation product compliments Broadridge’s existing post-trade NYFIX Matching solution. According to a story in The Trade news, NYFIX Fill matching is the only platform that matches fills between brokers and asset managers in real-time. The Fill Matching solution provides real-time reconciliation which keeps brokers and asset managers in sync, alongside minimizing end-of-day mismatches. The...

ICE has completed rebuilding the technology stack for the New Stock York Exchange, which it acquired in 2013. Jeffrey Sprecher, chair & chief executive of ICE said, according to a story in MarketsMedia news, that the New York Stock Exchange had been built on a technology stack that was overly complicated, hard to manage and unreliable. Since ICE acquired NYSE it has aimed to completely rebuild the underlying architecture with modern technology. However, given the importance of the stock exchange to the global economy, the exchange had to remain in daily use and retain its extensive...