Tokyo Stock Exchange (TSE) and Broadridge Financial Solutions have launched a new direct connection, between TSE’s ETF trading platform, CONNEQTOR, and Broadridge’s EMS, Xilix. Broadridge’s EMS solution provides a request for quote (RFQ) functionality for institutional investors looking to trade a particular ETF at a particular quantity. Users can send out RFQ’s to many market makers through the offering. The move is set to enable asset management businesses to reach the ETF trading platform directly from Xilix, allowing for increased efficiency in their processes. Hiroki Kawai, senior...

BNY Mellon has launched a new foreign exchange (FX) platform, meeting client demands to manage execution across their entire portfolio and access improved price transparency. Named Universal FX, the platform supports BNY Mellon clients across all market segments, including investment managers, corporates, hedge funds and wealth managers. BNY Mellon stated that the new platform will also help clients navigate the industry transition to T+1 settlement. Universal FX will allow clients – who often manage portfolios across several providers – to avoid inconsistent FX execution by allowing them...

The New York Stock Exchange, part of Intercontinental Exchange, Inc, a leading global provider of data, technology, and market infrastructure, announced NYSE LaunchPad. This new program is designed to help today’s entrepreneurs leverage enterprise technology expertise through a secure, cloud-based platform. As part of the next chapter in how the NYSE and ICE help new and established companies thrive in continuously evolving market conditions, NYSE LaunchPad leverages the technical expertise that exists across ICE’s businesses. The program, which provides startup companies with the ability...

FIF is excited to announce our annual Chicago event, sponsored by Cboe Global Markets. After opening remarks from Kevin Carrai of Cboe, there will be two panels, one focusing on regulation and compliance, and the other focusing on trading technology. FIF Advisory Chair, Tom Jordan, will moderate both panels. The regulation and compliance panel will feature Gregg Berman of Citadel, Angela Lucas of Simplex, and Nicole Pursley of Cboe Global Markets. The trading technology panel will feature Mike Smith of IPC, Raymond Tsui of SS&C Eze, and Jeff Wells of Cboe Global Markets. After the first...

On October 16, FIF submitted a letter to FINRA requesting written confirmation that an ATS’s use of the TRACE ATS exemption would not impact which party is responsible for payment of the Trading Activity Fee.

On Monday October 23 at 2 pm ET, Ignacio Sandoval of the Morgan Lewis law firm will review the SEC’s recent adoption of a rule to require Reporting of Securities Loans. FIF has invited members of the FIF Securities Lending Transparency Working Group to participate on this call. If you would like to participate on this call and are not a member of this 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..

FIF has scheduled the next call for the FIF Rule 606 Working Group for Monday October 23 at 3:30 pm ET. This will be a ½ hour call and will focus on questions submitted by FIF members relating to Rule 606.

FIF has scheduled a call for the CAT Transaction Reporting Working Group for Tuesday October 24 at 10 am to discuss a draft FIF presentation to FINRA requesting that FINRA provide additional data to industry members to assist industry members in reconciling Section 31 fees. This presentation was prepared based on discussions with an FIF sub-group focused on Section 31. FIF is providing an opportunity for members of the FIF CAT Transaction Reporting Working to provide any input on the draft presentation.

The Front Office Committee will have its next call on Tuesday October 24 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. In addition to the regular agenda, the FIF Co-Chairs will review an outline of regulatory reporting changes for T+1.