The Front Office Committee will have its next call on Tuesday September 26 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.
Data & Technology Committee
The Data and Technology Committee will have its next call on Wednesday September 27 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 Grant Leinberger of Exegy, who will discuss Exegy’s recently-introduced next generation ticker plant for processing options market data.
FINRA CAT Webinar on CAT Billing
On Thursday September 28 at 10 am ET, FINRA CAT will host a CAT Billing Industry Webinar. The webinar will be limited to the operational implementation of the CAT Reporter billing process.
Tax Information Reporting Working Group
The next call for the FIF Tax Information Reporting Working Group will be on Thursday September 28 at 3 pm ET. The spotlight presenter will be Neil Bromberg of EY, who will discuss Automation and AI in Tax Operations. FIF has also invited the members of the FIF Emerging Technologies Working Group for this call. If you would like to participate on this call and are not a member of either of these Working Groups, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..
Working Group Update 9/25/2023
FIF Cybersecurity Working Group. On September 21 FIF hosted a call for the FIF Cybersecurity Working Group. The spotlight presenter was Matt Weinberg of CISA, who discussed Current Threats to the Financial Industry and CISA’s 2023 Strategic Plan. CISA is an agency of the US Department of Homeland Security.
FIF Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, FINRA, MSRB, OCC and IRS updates during the past month. Please find the September Agenda here.
FIF Call on CAT Executed Share Model. FIF hosted two calls this week for the CAT...
ICE to Launch CORSIA Carbon Credit Futures Market
Intercontinental Exchange, Inc. announced plans to launch a physically delivered futures contract for carbon credits which the International Civil Aviation Organization (ICAO) considers eligible for use by the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA is the first global market-based carbon credit scheme, targeted at reducing emissions from international aviation. CORSIA is part of a basket of policy measures taken by the ICAO and allows airline operators to offset an amount of carbon dioxide emissions by retiring carbon credits. The ICE futures...
Matt Billings to Lead Robinhood Financial and Robinhood Securities
Matt Billings is joining Robinhood as VP and President of Robinhood Financial LLC and Robinhood Securities, LLC. Matt joins Robinhood from Two Sigma Securities, where he oversaw the trade and service desks, client relationships, and market structure with a particular emphasis on market data. Prior to that Matt led the team overseeing market data at TD Ameritrade. He managed all aspects of the firm’s market data strategy and contributed his strategic expertise in government relations and market structure. Before TD Ameritrade, Matt managed Trading Services for Scottrade for over 10 years,...
BNY Mellon Chooses Eurex to Centrally Clear European Repo Transactions
BNY Mellon has selected Eurex as the first clearing house to centrally clear repo trades in Europe, having already executed the first of these transactions. According to a story in The Trade news, Eurex’s offering allows clients to trade repos with more than 160 registered participants and allows participants to raise or place cash against over 13,000 securities, both domestic and international. Eurex confirmed that it had seen a significant increase in trading activities and reached record volumes in its cleared repo markets – doubling...
Deutsche Bank to Hold Crypto for Institutional Clients
Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenized assets, according to a story in Reuters news. The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenized versions of traditional financial assets. Crypto trading is not in the bank's "immediate plans", a bank spokesperson said. Crypto markets have struggled to recover from last year's series of collapses at top crypto firms, which left investors with large...