The next call for the FIF Tax Information Reporting Working Group will be on Thursday May 18 at 3 pm ET. Stevie Conlon and other representatives from Wolters Kluwer will present on proposed regulations for crypto tax reporting.

FIF CAT Monthly Update Working Group Call. The Working Group reviewed guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting and CAT CAIS reporting during the prior month. The Working Group reviewed the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting and CAT CAIS reporting. FIF CAT CAIS Working Group. The CAIS Working Group reviewed the questions submitted by FIF to FINRA CAT on FINRA CAT’s recent announcement about the Full CAIS compliance date. Based on Working Group discussions, FIF submitted...

Broadridge Financial Solutions and cloud-based SaaS provider for asset managers Aiviq have collaborated to improve the quality and transparency of internal sales reporting data and external market intelligence. According to a story in The Trade news, the strategic partnership between the two firms aims to provide asset management firms with improved views of client assets under management (AUM) and asset flow data for their global market intelligence. According to the firms, the growing pace of change in the industry has intensified how quickly global asset managers need data and how...

FTX intends to sell its US-based crypto derivatives exchange LedgerX to M7 Holdings, a subsidiary of an options platform operating out of New Jersey. The bankruptcy estate of Sam Bankman-Fried’s former crypto exchange is expected to generate $50 million from the transaction according to a story in Blockworks news. M7 Holdings’ owner, Miami International Holdings, runs derivatives-focused Miami International Securities Exchange (MIAX). MIAX teamed up with crypto data provider Lukka last year to introduce a suite of crypto derivatives. The deal with LedgerX is expected to...

State Street Corporation announced the launch of three publicly available data-driven indicators that will provide insight into the aggregate portfolio allocation trends of some of the world’s largest institutional investors. The Institutional Investor Holdings Indicator, Institutional Investor Risk Appetite Indicator and the State Street S&P Global Institutional Investor Carbon Indicator, powered by S&P Global Sustainble, will draw on the aggregated and anonymized dataset underlying the assets State Street services to offer investors, as well as other...

Execution specialist Liquidnet has collaborated with TP ICAP Midcap to increase block liquidity opportunities in European Small and Mid-Caps (SMEs). Broker TP ICAP Midcap is a specialized investment bank in European Small and Mid-Caps (SMEs) that supports entrepreneurs in their development and financing strategy, as well as institutional investors. Based in London and Paris, respectively, Liquidnet and IP ICAP Midcap will combine their client networks and technology to achieve their aim. In the Asset Servicing Times, Chris Jackson, global head of equity strategy and head of EMEA enquiries...

On April 26, FIF submitted a comment letter to the SEC on a rule filing submitted by The Options Clearing Corporation (OCC) that would require immediate notification of security incidents to the OCC and various follow-up notification requirements. FIF would like to thank the members of the FIF Compliance and Surveillance Working Group and the FIF Cybersecurity Working Group for their contributions in the drafting of this comment letter.

On April 27, FIF submitted a supplemental comment letter to the Municipal Securities Rulemaking Board (MSRB) in response to a proposal by the MSRB to reduce the timeframe for reporting trades in municipal bonds. This comment letter was a supplement to the comment letter submitted by FIF to the MSRB in October 2022. FIF would like to thank the members of the FIF TRACE Working Group for their contributions in the drafting of this supplemental comment letter.

FIF has scheduled an additional call this week for the CAT Transaction Reporting Group to continue the discussion of CAT reporting for RFQ responses. This call is scheduled for Tuesday May 2 at 3 pm ET.