FIF has scheduled a call for Tuesday March 21 at 3 pm ET to discuss a revised draft of the 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.

FIF has scheduled a call for Wednesday March 22 at 3 pm ET to discuss a revised draft of the FIF comment letter on the SEC’s Order Competition Rule proposal. FIF has invited members of the SEC Equity Market Proposals Working Group to participate on this call.

FIF TRACE/Fixed Income Working Group. The TRACE Working Group discussed recent TRACE FAQ updates by FINRA relating to reporting the portfolio trade modifier and TRACE reporting for foreign sovereign bonds. The Working Group discussed questions from FIF members relating to TRACE reporting for Reg S transactions and currency conversion for TRACE reporting. FIF Rule 605 Working Group. The Rule 605 Working Group discussed a revised draft of the FIF comment letter on the SEC’s rule proposal on Disclosure of Order Execution Information, including reporting the number of shares that could have...

Trumid, a financial technology company and fixed income electronic trading platform, announced the launch of portfolio trading on Trumid. Designed to simplify and extend electronic portfolio trading for institutional clients and dealers, Trumid Portfolio Trading (PT) is the newest addition to Trumid’s ecosystem of protocols and trading solutions — delivering multiple workflows to traders in a single unified application. Trumid began rolling out its new PT solution to clients in late 2022. The first release focused on making the basics easy: an integrated electronic solution for clients to...

Bloomberg has entered into an agreement to acquire front-office fintech solutions provider Broadway Technology according to a story in The Trade news. The transaction will equip Bloomberg will the ability to provide a low latency execution management offering optimised for rates trading, alongside the ability to deliver improved innovations in multi-asset software. With the ever-increasing electronic trading volumes in the rates and credit markets, the two firms state that there is a commensurate need for solutions that meet the demands of a broader variety of client workflows and...

Intercontinental Exchange, Inc announced that Blue Ocean Technologies’ real-time data feed for U.S. equities trading during Asian business hours will be available on the ICE Consolidated Feed. This offering combines Blue Ocean ATS’ real-time afterhours market data with the global reach and distribution of the ICE Consolidated Feed and connectivity. The Blue Ocean ATS offers trading access to U.S. National Market System stocks between the hours of 8:00 pm and 4:00 am ET. This matches the most active trading period in Asia, providing an “exchange-like” experience for global investors with...

Eurex Clearing, part of Deutsche Börse Group, is set to launch its new ESG Clearing Compass on April 3, with involvement from ABN AMRO Clearing Bank N.V. and Société Générale as early partners. The new ESG clearing compass will consist of two services: the ESG Portfolio Assessment and the ESG Visibility Hub. These new services come as part of Deutsche Börse’s intentions to support the sustainable transformation journey of clearing members and their clients by increasing transparency and awareness regarding cleared portfolios and counterparties. The ESG Portfolio Assessment service evaluates...

Morgan Stanley Wealth Management (MSWM) announced an important milestone in its journey through the launch of a strategic initiative to create a bespoke solution with OpenAI, the artificial intelligence research and deployment lab. The business unit is one of a handful of GPT-4 launch organizations, and Morgan Stanley is currently the only strategic client in wealth management receiving early access to OpenAI’s new products. MSWM will leverage OpenAI’s technology to access, process and synthesize content to assimilate MSWM’s own range of intellectual capital in the form of insights into...

CQG, a provider of trading, market data and technical analysis tools, has entered into a strategic partnership with Broadridge Financial Solutions, to integrate their order management system (OMS) and execution management system (EMS). The companies said that the combination of CQG’s front-end trading technology with Broadridge’s OMS and the NYFIX network is the first-of-its-kind out-of-the-box solution for institutional customers. It offers them a full front, middle and back-office technology suite. CQG and Broadridge also plan to further develop their clients’ workflow and provide...