In light of the US’ imminent shift to T+1, State Street has unveiled an automated workflow solution, as well as offering integration with DTCC within its FX trading service, StreetFX. The US Securities and Exchange Commission (SEC) decision to shorten the settlement cycle to one business day comes into effect from May 28 next year. Through the connection to DTCC Institutional Trade Processing (ITP) and its central trade matching platform, CTM, State Street’s FX trading service can now receive settlement instructions from DTCC ITP for match agreed CTM transactions. According to a story...

Cboe Europe Derivatives (CEDX) has confirmed that it is set to offer single stock options from next month, with equity options available from November 6, having secured backing from a broad range of participants. Following regulatory approvals, the available products are set to be expanded by the end of Q1 2024, and plans are in place to begin Cboe’s Liquidity Provider Program for all equity options after the March 2024 expiry period. The single stock options traded on CEDX will be cleared by Cboe Clear Europe N.V. In addition, stock settlement on options exercise and assignment will...

FIF is excited to announce our annual Chicago event, sponsored by Cboe Global Markets. After opening remarks from Catherine Clay, 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...

FIF is excited to announce our year-end event will take place on the evening of Tuesday December 5, and it will be sponsored by Société Générale. Those who were at the last Société Générale event back in 2017 know what a great venue this is, and FIF is excited to partner with Société Générale once again. We are planning on running two panels, with the first focusing on technology, including trading infrastructure in the cloud. The second panel will focus on operational challenges of new regulations in 2024 and beyond. Please save the date on your calendars as December can get busy before...

On October 10 FIF submitted a letter to the CAT Plan Participants and FINRA CAT on the CAT billing process.

FIF has scheduled the next call for the Next Bridge sub-group for Monday October 16 at 1 pm ET. The agenda for the call will be to discuss next steps after the October 10 FIF member call with SEC representatives. The Form S-1 registration statement filed by Next Bridge Hydrocarbons proposes to distribute subscription rights only to holders who register their Next Bridge common stock directly with the company's transfer agent. The Next Bridge proposal, if approved by the SEC, would prohibit holders who want to participate in the offering from holding their shares through a broker or other...

The Back Office Committee will have its next call on Tuesday October 17 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

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