The Front Office Committee will have its next call on Tuesday June 27 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. As the spotlight topic, representatives from AlphaSense will present on the use of AI for market research. 

The Data and Technology Committee will have its next call on Wednesday June 28 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 presenters will be Adrian Griffiths and Geralyn Endo of MEMX, who will discuss the launch of the new MEMX options exchange, including testing.

FIF has scheduled a call for the Compliance and Surveillance Working Group for Tuesday July 11 at 2 pm ET to discuss expanded surveillance by FINRA based on CAT data. FINRA representatives have noted to FIF members that FINRA is enhancing its surveillance routines based on CAT data. FIF members will discuss expanded surveillance by FINRA and potential steps industry members could take to enhance their internal surveillance in response to FINRA’s enhanced surveillance.

FIF Rule 605 Working Group. The Working Group reviewed and discussed final edits to the draft supplemental FIF comment letter on the SEC’s rule proposal on Disclosure of Order Execution Information. FIF Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. FIF CAT CAIS Working Group. The CAIS Working Group reviewed and discussed the plan by the CAT Plan Participants and FINRA CAT to reload historical CAIS data to the CAIS system. The Working Group discussed issues identified by FIF members after...

Electronic bond market operator Trumid, has launched new Request for Quote (RFQ) trading on its platform. According to a story in Desk news, Trumid clients can now initiate, view, and respond to disclosed, fully anonymous, or partially anonymous single bond or list RFQs in one application. RFQ is integrated within Trumid’s existing electronic trading platform, with straight-through processing to order management system (OMS) providers and proprietary systems. Instruments covered include US dollar-denominated investment grade, high yield, distressed, and emerging market sovereign and...

Exegy, a provider of front-office trading solutions for the capital markets, has added Deribit, a cryptocurrency options exchange, to its covered crypto derivatives markets for the Metro professional trading platform according to a story in Traders Magazine. The addition will allow crypto traders using Deribit to benefit from Metro’s pricing, execution, and risk management capabilities. Exegy’s Metro platform equips professional traders with tools that include dynamic volatility surface modeling, execution, and robust risk analysis capable of aggregating “like” products across...

The integrated solution from Bloomberg and S&P Global Market Intelligence has launched a new solution to streamline syndicated primary bond market workflows. According to a story in The Trade news, The solution connects Bloomberg’s fixed income execution management system, TSOX and S&P Global Market Intelligence’s InvestorAccess platform. Through this integration, users can benefit from an end-to-end primary markets workflow to more efficiently process orders and allocations. Once orders are filled, users who stage orders into TSOX from their own order management systems (OMS) can...

Virtu has upgraded its POSIT Alert block trading capabilities to include automated dark liquidity seeking in a bid to tackle fragmentation in the non-displayed markets, according to a story in The Trade news. Named Alert+, the upgraded workflow solution allows users to immediately elect to route residual share quantities not filled on POSIT Alert to be executed in the dark via Virtu’s Covert algorithm. The solution is intended to give traders an increased opportunity to execute any residual and reduce execution risk by sourcing incremental dark liquidity and completing orders more...

A consortium of broker-dealers, global market makers and venture capital firms announced the launch of EDX Markets, an exchange that will address the demand for digital asset trading by enabling trading of digital assets through trusted intermediaries. According to a story in MarketsMedia news, the new exchange will combine technology provided by MEMX with best practices from traditional financial markets and tighter spreads enabled by greater liquidity, to support secure cryptocurrency trading for U.S. retail and institutional investors. EDXM operates as a fully independent entity backed...