FINRA CAT has scheduled a call for Tuesday August 22 at 9 am to review the August 2 updates to the CAIS Technical Specifications. FIF has forwarded the calendar invitation for this call to members of the FIF CAIS Working Group. If you do not have this invitation in your calendar, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

The Front Office Committee will have its next call on Tuesday August 22 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

The Data and Technology Committee will have its next call on Wednesday August 30 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 Vincent Poil of Cboe Global, who will discuss recent developments in the Canadian Markets relating to trading, market data and listings.

FIF has scheduled the next call for the Rule 606 Working Group for Tuesday September 5 at 2 pm ET. The agenda for the call will be to continue the review and discussion of the SEC’s recent approval of the FINRA rule filing to require Rule 606(a)-type reporting for OTC equities and to review draft FIF member comments and questions to FINRA relating to the new rule.

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 Rule 606 Working Group. The Rule 606 Working Group reviewed and discussed the SEC’s recent approval of the FINRA rule filing to require Rule 606(a)-type reporting for OTC equities. The Working Group also discussed issues and questions from FIF members relating to Rule 606 reporting. FIF Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. There were two spotlight presentations for this call. First, Robert Cavallo of DTCC provided an update on T+1 testing. Second, Nikki Brinkerhoff of...

Clear Street has appointed Christopher Smith as chief executive officer of its futures clearing business according to a story in The Trade news. He joins from ED&F Man Capital Markets, a company he founded that provides direct access to global markets across a wide range of asset classes including futures, metals, FX equities and fixed income. Smith built a futures clearing merchant from scratch to become the financial services subsidiary of ED&F Man group. In his new role, Smith will report to Chris Pento, co-founder and chief executive of Clear Street, overseeing the development...

Bloomberg has added a new suite of FX pricing quality tools in a bid to enhance RFQ pricing requests according to a story in The Trade news. The tools are available to clients of its premier multi-bank FX trading platform, FXGO, through MISX – Bloomberg’s multi-asset reporting tool for electronic trading. With this enhancement, users are able to analyse pricing quality and performance for any RFQ pricing requests sent over FXGO, including batch trades. Bloomberg describes the tools as allowing users to have a “complete picture as to where counterparty pricing quality is consistently...

HSBC announced the launch of ETF Platform Solutions – its new end-to-end platform for providing asset servicing solutions to ETF issuers globally. Under a single offering, ETF issuers will have access to HSBC’s Markets & Securities Services capabilities, such as: ETF order management, PCF (portfolio composition file) production and custom ETF NAV (net asset value) attribution analysis; AP (authorized participant) services including ETF seeding and HSBC’s ETF fair value algorithms; swap provision and dedicated execution services under FX4ETFs; and HSBC FX Overlay Services. As part of the...