On June 5, FIF submitted a comment letter to the SEC on the SEC’s cybersecurity rule proposal, the SEC’s proposed amendments to Regulation SCI, and the SEC’s proposed amendments to Regulation S-P. FIF would like to thank FIF members for their contributions in the drafting of this comment letter.

FIF has scheduled a call for Monday June 12 at 2 pm ET to discuss the amended rule proposal for notification of cybersecurity incidents filed by The Options Clearing Corporation (OCC) with the SEC. The amended rule proposal by the OCC incorporates certain changes requested by FIF members in a prior FIF comment letter.

On Tuesday June 13 at 3 pm ET, Atulya Jyoti of Kyndryl will present to the Emerging Technologies Working Group on Mainframe Data Democratization in Capital Markets. Legacy mainframe applications and operations remain central to nearly all major capital markets firms. Trade processing, custody, and fund administration continue to require the secure, high-volume, and scalable platforms mainframes provide. So how can companies unlock value from all this mainframe data, exposing it to modern AI and analytics tools often only available on the cloud? In this talk we will look at an emerging...

FIF has scheduled the next call for the Rule 605 Working Group for Tuesday June 20 at 2 pm ET. The Working Group will review and discuss a revised draft supplemental FIF comment letter on the SEC’s rule proposal on Disclosure of Order Execution Information.

FIF Rule 606 Working Group. The Rule 606 Working Group discussed recent guidance from SEC staff to FIF members on Rule 606(a) reporting when a reporting firm routes a single parent order to multiple child execution venues. FIF Rule 605 Working Group. The Rule 605 Working Group reviewed and discussed a draft supplemental FIF comment letter on the SEC’s rule proposal on Disclosure of Order Execution Information. SEC Cyber, Reg SCI and Reg S-P Rule Proposals. FIF hosted a call to review and make final edits to the FIF comment letter on the SEC’s recent cybersecurity, Reg SCI and Reg S-P...

The Veterans Capital Markets Career Forum (VCMCF) is hosting a Zoom webinar that will break down the skills needed to transition from military service into specialized careers on Wall Street. Our subject matter experts- Kerry Baker Relf, Gus Maikish, Rich Iturbe and Brennan Carley will focus on four specific areas: Market Data, Operations, Sales, and Technology.  The event is open to all military veterans and their spouses and any potential volunteers who wish to assist our veterans transition to a career in capital markets.  The webinar is Tuesday, June 13th, 2023...

Bloomberg has launched its Funds Data Solution covering over 135,000 unique funds and 12,000 exchange traded products available as Foundational Data, Holdings, Corporate Actions, ESG, Risk, and Regulatory data products. Bloomberg’s Funds Data Solution is accessible via Bloomberg Data License file delivery and aligns with the funds data available on the Bloomberg Terminal to support investment workflows consistently and with scale across an enterprise. Bloomberg’s Funds Data Solution provides data on a comprehensive global universe of funds including mutual funds, fund of funds,...

The Commodity Futures Trading Commission approved an amended order of registration for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization (DCO) under the Commodity Exchange Act. The amended order permits Cboe Clear to provide clearing services for digital asset futures on a margined basis for futures commission merchants, in addition to the fully collateralized futures and fully collateralized swaps previously authorized. Cboe Clear’s parent company, Cboe Digital Exchange,...

Broadridge Financial Solutions subsidiary LTX has launched BondGPT, an application powered by OpenAI GPT-4 which answers bond-related questions and helps users identify corporate bonds on the LTX platform. The application incorporates real-time liquidity information from LTX Liquidity Cloud to simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes, which LTX stated will benefit asset managers hedge funds and dealers. According to the firm, BondGPT combines GPT-4 with LTX’s analytics and underlying dataset for data timeliness, accuracy and...