The Data and Technology Committee will have its next call on Wednesday April 26 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets.

FIF has scheduled a call for the TRACE/Fixed Income Working Group for Thursday April 27 at 11 am ET. The Working Group will review a draft supplemental FIF comment letter to the MSRB on the MSRB’s rule proposal to require one-minute reporting for municipal bond trades. The Working Group also will discuss a scenario from an FIF member relating to reporting of the portfolio trade modifier and will review draft comments and questions from FIF members for FINRA on the TRACE API specifications, the TRACE New Issue Form, and the timing for reporting Treasury hedge transactions in connection with...

FIF has scheduled a call for Thursday April 27 at 3 pm ET to continue the review and discussion of the SEC’s recent cybersecurity, Reg SCI and Reg S-P rule proposals. FIF has invited members of the following Working Groups to participate on this call: the Compliance and Surveillance Working Group; the Cybersecurity Working Group; and the newly-formed SEC Cyber, Reg SCI and Reg S-P Working Group. If you are interested in participating on this call and are not a member of any of these Working Groups, please update your FIF profile or contact This email address is being protected from...

Options Clearing Corporation Cybersecurity Rule Proposal. FIF hosted a call for the Cybersecurity Working Group and the Compliance and Surveillance Working Group to discuss a rule filing submitted by The Options Clearing Corporation to the SEC that would require immediate notification of security incidents to the OCC and various follow-up notification requirements. FIF SEC Cyber, Reg SCI and Reg S-P Proposals Working Group. The Working Group continued its review and discussion of the SEC’s recent cybersecurity rule proposal and also discussed the SEC’s recent rule proposal for amendments...

Virtu Financial’s Triton execution management system (EMS) has integrated with the bookbuilding platform offered by equity markets technology solution Appital. Named Appital Turquoise BookBuilder, the solution is an algorithmic bookbuilding platform which brings a typically manual and opaque process into an automated, electronic offering. Launched in August last year, the platform gives buy-side clients greater exposure to previously inaccessible, cross-border deal flow opportunities, alongside allowing like-minded market participants to interact in the liquidity discovery and price...

Goldman Sachs has expanded the remit of its Visual Structuring tool capabilities to include equities, crypto and precious metals. The expanded tool which uses natural language input now covers 2,200 equities. Available via the bank’s institutional client platform Marquee, Visual Structuring allows for indicative price discovery and trade idea generation in options by allowing clients to assess price variations, scenarios, run back testing analysis, and collaborate with colleagues. Goldman launched the tool for foreign exchange in September last year. Alongside the expansion of asset...

To better automate the middle and back-office functions around trade matching, global Fintech provider Broadridge Financial Solutions, announced an expansion of its partnership with Linedata, a global provider of asset management and credit technology data and services. According to a story in MarketsMedia news, Broadridge’s NYFIX Matching solution will be integrated directly with Linedata’s Order Management System (OMS) powered by its Asset Management Platform (AMP). Linedata Longview OMS clients will benefit from Broadridge’s NYFIX Matching solution, enhancing Linedata’s...

Bloomberg announced that clients who use Microsoft Azure can seamlessly access both real-time trading data and reference, pricing, regulatory and point in time historical datasets via a private connection in the Azure Virtual Network (VNet), allowing secure and reliable data access to power high priority apps in the cloud. The service provides high-performance data to Bloomberg Enterprise Data customers using Azure. This includes content from B-PIPE, Bloomberg's real-time market data feed, which offers global real-time access to comprehensive, consolidated market data with industry-leading...

On April 13, FIF submitted a response to the SEC’s March 3, 2023 “Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Change to Adopt FINRA Rules 6151 (Disclosure of Order Routing Information for NMS Securities) and 6470 (Disclosure of Order Routing Information for OTC Equity Securities).” FIF would like to thank the members of the FIF Rule 606 Working Group for their contributions in the drafting of this response letter.