FIF has scheduled a call for Thursday June 1 at 3 pm ET to review and discuss a revised draft of the FIF comment letter on the SEC’s recent cybersecurity, Reg SCI and Reg S-P rule proposals.

The Data & Technology Committee will have its next call on Friday June 2 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 Roger Burkhardt from Broadridge, who will discuss Broadridge LTX migrating corporate bond trading capabilities to AWS.  

FIF Webinar on Fixed Income Trade Surveillance. FIF hosted a webinar on Fixed Income Trade Surveillance. The moderator for the webinar was Tom Jordan, Chair of the FIF Advisory Committee. The panelists were Ted Karn of The Karn Group, Alex Sedgwick of Abel Noser, and John Standerfer of S3. FIF would like to thank the moderator, panelists and attendees for their participation in the webinar and their insights on this topic. 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...

Cboe Labs, Cboe Global Markets’ innovation hub, has introduced the VIX1D Index. This new volatility measure allows traders to estimate the current day’s volatility, providing real-time insights into market dynamics. This new index complements Cboe’s existing suite of volatility indices, including the VIX Index. It offers a perspective on single trading day volatility, filling a crucial gap in the market’s understanding of real-time market dynamics. The VIX1D Index, designed to measure the expected volatility of the S&P 500 Index over the current trading day, employs a...

IEX Exchange has updated the Signal, its predictive model that targets adverse price changes, to include new US equities exchanges as well as adapting to increased volatility, volumes and retail trading. Ronan Ryan, co-founder and president of IEX Exchange, said in a story in Markets Media that the goal of introducing the Signal was to essentially predict which way the market will move in order to protect customers from trading at a price that will imminently become stale. “Version 6 is even more accurate and allows us to effectively cover 60% more adverse moves in the BBO...

Bloomberg has introduced a range of new developments to its Rule Builder (RBLD) solution, aiming to strengthen client execution by improving the efficiency of rules-based trading. RBLD allows its users to create rules within the Bloomberg Terminal to automate actions on selected orders that are shared, modified, and enabled or disabled across a trading desk. Data showed that there is now almost five-times the amount of round-lot activity as more clients increase the size of the orders they automate using RBLD, according to Bloomberg. Recent enhancements to the service include: timed...

HSBC has launched a new artificial intelligence service to enhance the way institutional investors connect to the markets globally. Named AI Markets, the service uses natural language processing (NLP) to enhance institutional interaction with the markets including allowing them to generate bespoke analytics and gain access to HSBC’s cross-asset data sets. The bank said its global footprint paired with the service’s NLP offering will allow it to deliver a more advanced pricing and execution interface for institutional investors. “HSBC AI Markets has been built from the ground up with user...

GMEX Technologies, a subsidiary of GMEX Group, announced that TP ICAP, the world’s largest interdealer broker, has gone live with its Fusion Digital Assets wholesale cryptoasset exchange, powered by GMEX trading and post trade technology. Fusion Digital Assets is a trading venue for institutional market participants only. It registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA) in November 2022. The venue is distinctive because its segregated operational structure aligns with traditional financial markets rather than cryptoasset markets...

S3, a global provider of regulatory compliance reporting and trade analytics software, announced a partnership with Blue Ocean Technologies, a unique capital markets fintech leader specializing in global afterhours trading from 8:00 pm to 4:00 am. S3 will provide Consolidated Audit Trail (CAT) data reporting services to Blue Ocean Technologies’ trading subsidiary, Blue Ocean ATS. S3’s platform features trade analysis tools such as Global Best Ex & TCA for Options, Equities, and Fixed Income, as well as regulatory reporting tools for Trade Surveillance, SEC Rules 605...