CitiFX has consolidated its portfolio of eFX trading platforms for corporate and professional investor clients into new single dealer platform Velocity 3.0.  Velocity 3.0 is an operating system that delivers CitiFX Pulse, Citi Velocity Trading, Citi Velocity Research and CitiFX Click, alongside rebuilding CitiFX’s client user interface in HTML 5 on a web code base. In comparison to Citi’s existing platforms, Velocity 3.0 is said to be 50% faster with a cold start and 30% fast with a hot start. The new platform offers 71% faster deal booking and 94% faster order placement response. In...

RoZetta Technology, a global technology platform provider specializing in managing immense time series data sets in cloud environments, announced that ICE DataVault is now available on RoZetta’s DataHex platform. According to a story in MarketsMedia news, ICE DataVault is a service offered by Intercontinental Exchange (ICE) that provides users with granular, high quality financial information with full depth-of-market coverage that can allow for strategy back testing, historical analysis, trade surveillance and compliance use cases. ICE’s extensive coverage is designed to capture...

Bloomberg and Man Group have entered a multi-year open-source technology development and product integration agreement for ArcticDB, a new DataFrame database product according to a story in The Trade News. Python-native database, ArcticDB, was built to address the continuously increasing amount of data and complexity of front-office research at Man Group, a challenge that many large buy- and sell-side institutions face. The agreement is a first-of-its-kind transaction for Man Group and the resulting product will be implemented into Bloomberg’s BQuant offering – an analytics platform for...

FIF is pleased to welcome Kyndryl to the FIF Member Community

FIF has created a new SEC Equity Market Proposals Working Group. This Working Group will discuss the SEC’s Reg NMS and Order Competition Rule proposals. If you have previously participated on an FIF call on Reg NMS or the Order Competition Rule, and we were able to identify you from the zoom report, we have added you to this Working Group list. For this week, FIF will continue to invite members of the Front Office Committee, the Data & Tech Committee and the Compliance and Surveillance Working Group to the Reg NMS and Order Competition Rule calls. After this week, FIF will only invite...

The Front Office Committee will have its next call on Tuesday February 28 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. During the call, FIF members will discuss the breadth of the proposed tick size increment changes in the SEC’s recent Reg NMS rule proposal.

FIF has scheduled a call for Tuesday February 28 at 2 pm ET to continue the discussion of the SEC’s Order Competition Rule proposal. Please see the note above regarding participation on these calls.

The next call for the Rule 605 and 606 Working Groups will be on Tuesday February 28 at 3 pm ET. The Working Groups will continue their discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information.

FIF has scheduled a call for Wednesday March 1 at 10 am ET to continue the discussion of the recent SEC rule proposal on Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. Please see the note above regarding participation on these calls.