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..

Next Bridge Hydrocarbons recently filed a Form S-1 registration statement with the SEC to distribute non-transferable subscription rights only to holders who register their Next Bridge common stock directly with the company's transfer agent. This is a press release issued by Next Bridge. If you are interested in discussing this issue with other FIF members, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Data and Technology Committee. The Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter was Vincent Poil of Cboe Global, who discussed recent developments in the Canadian Markets relating to trading, market data and listings. Please find the meeting materials here and the full capacity statistics here.  FIF CAT Transaction Reporting Working Group (non-executable RFQ responses). FIF hosted two calls this week for the CAT Transaction Reporting Working...

Maybank Investment Bank Berhad has partnered with Broadridge Financial Solutions, Inc. to grow its securities borrowing and lending (“SBL”) business. Leveraging Broadridge’s robust Securities Finance and Collateral Management (SFCM) solution, Maybank IB’s newly launched SBL offering for institutional investors utilizes proprietary technology for a front-to-back platform that is fast, transparent and Shariah-compliant. The platform’s ability to interface with downstream systems enables automation and straight-through processing (STP), resulting in enhanced client experience and better...

The SEC has approved a FINRA proposed rule change to add IntelligentCross ATS as a new entrant to the FINRA Alternative Display Facility (ADF) according to a story in Traders Magazine.  “This decision is a win for all investors,” said Roman Ginis, Founder and CEO of Imperative Execution, the parent company of IntelligentCross ATS. “The addition of our displayed liquidity to the public quote will make these quotations available to all market participants and enable them to access better prices, bringing more quality liquidity, performance, and price discovery to the broader markets,” he...

Goldman Sachs Group Inc. struck a deal to sell an investment-advisory business aimed at the mass-affluent market to Creative Planning LLC, a wealth-management firm that oversees about $240 billion. The bank agreed to sell the business, with $29 billion in assets, that grew out of United Capital, a registered investment adviser it purchased for $750 million, according to a statement. The offloading of the company just four years after Goldman acquired it signals the firm’s intention to refocus its attention on the ultra-rich segment where it has a dominant presence. Goldman...

Plato Partnership, the not-for-profit member organization bringing solutions and efficiencies to today’s equity marketplace, has admitted Liquidnet, the technology-driven, agency execution specialist, as its inaugural Strategic Partner. According to a story in MarketsMedia news, Liquidnet will play a pivotal role in shaping and informing Plato’s initiatives across the capital markets landscape. As a Strategic Partner, Liquidnet will actively participate in three of Plato’s core initiatives: Plato Strategic Initiatives Group aims to identify issues and opportunities to improve...

FIF is pleased to welcome Schonfeld to the FIF Community.

FIF will not have a CAIS Working Group call this week. Instead, FIF will host two calls for the CAT Transaction Reporting Working Group. The first call will be on Wednesday August 30 at 11 am ET and will focus on CAT reporting for non-executable RFQ responses. The second call will be on Wednesday August 30 at 2 pm ET and will focus on the recent Notice of Filing published by the SEC relating to a proposal by the CAT Plan Participants to implement a revised linkage timeline for CAT reporting.