On Thursday April 13 at 11 am ET, Greg Markovich, Senior Director in the FINRA Cyber Enabled Fraud (CEF) Group, will discuss FINRA’s 2023 cyber-related priorities. FIF has invited members of the FIF Cybersecurity Working Group and the FIF Compliance and Surveillance Working Group to participate on this call and will also invite members of the newly-formed SEC Cyber, Reg SCI and Reg S-P Working Group. If you are not a member of any of these Working Groups and would like to participate on this call, please update your FIF profile or contact This email address is being protected from...

FIF SEC Equity Market Proposals Working Group (Order Competition Rule). The Working Group discussed and incorporated final changes to the FIF comment letter on the SEC’s Order Competition Rule proposal. FIF SEC Equity Market Proposals Working Group (Reg NMS). The Working Group discussed and incorporated final changes to the FIF comment letter on the SEC rule proposal on Regulation NMS: Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. FIF Rule 605 Working Group. The Rule 605 Working Group discussed and incorporated final changes to the FIF comment letter...

LTX, a subsidiary of Broadridge Financial Solutions, has migrated its corporate bond e-trading platform to Amazon Web Services (AWS). With the completed migration, LTX can use AWS cloud services’ security and scale to support its data science processes. The migration is intended to allow LTX to provide more advanced analysis of its Liquidity Cloud, the LTX network of anonymous real-time buy- and sell-side indications of interest (IOIs). LTX will add to its pricing, dealer selection, client recommendation, and similar bonds functionalities, with the intention of better helping buy-side...

Cboe Global Markets successfully migrated Cboe Australia to the Cboe technology platform on 27 March according to a story in The Trade news. Cboe Australia, which was formerly Chi-X Australia, was acquired by Cboe Global Markets in July 2021 and then later rebranded as Cboe Australia in February 2022. Having successfully migrated to the Cboe technology platform, Cboe Australia will now have the performance and capacity to meet current and projected future capital markets trading volumes for the entire Australian equities marketplace. Alongside the successful technology migration, Cboe...

Citi Securities Services announced Nordnet AB (Nordnet), the pan-Nordic digital platform for savings and investments, as the first Swedish client to start lending through its Citi Securities Lending Access platform. According to a story in MarketsMedia news, the solution will enable Nordnet to expand its securities lending programme to new markets and new client segments. Citi Securities Lending Access is an end-to-end solution that digitises and automates the entire securities lending lifecycle. Co-sponsored by Citi Ventures’ D10X programme, the solution combines Citi’s...

Bloomberg announced its Sustainable Finance Disclosure Regulation (SFDR) solution has a new dashboard enabling fund managers to seamlessly track and pick investments that align with the key ESG indicators mandated for SFDR reporting, the principal adverse impact indicators or PAIs. The solution offers complete coverage of mandatory PAIs by combining data aggregated by Bloomberg with data on controversial weapons and UNGC violations from ESG Book, a sustainability data and technology provider, and data on civil liberties and political rights from Freedom House, a non-profit organisation...

The SEC “No-Action” relief permitting U.S. brokers to accept cash research payments from MiFID-regulated clients is set to expire on July 3, 2023, leaving many global managers and brokers unsure of the right course of action to take.  On April 5 at 11 am ET FIF member StoneX will host a no-cost virtual webinar designed to update institutional investment professionals on the implications of the SEC’s decision not to extend the SEC “No-Action” relief. The webinar will present viable options / solutions, along with the strengths and weaknesses of each for consideration once the...

FIF has scheduled a call for Tuesday March 28 at 10 am ET for FIF members to provide final comments on the draft FIF comment letter on the SEC rule proposal on Regulation NMS: Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. FIF has invited members of the SEC Equity Market Proposals Working Group to participate on this call.

The Front Office Committee will have its next call on Tuesday March 28 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.