FIF has scheduled a call for Thursday February 9 at 11 am ET to continue the discussion of a recent proposal by the Treasury Department’s Office of Financial Research to require daily reporting for non-centrally cleared bilateral repos. The Working Group also will review the first draft of an FIF comment letter on this topic. FIF has invited members of the new OFR Repo Reporting Working Group and the TRACE/Fixed Income Working Group to participate on this call. If you would like to join the OFR Repo Reporting Working Group, please update your FIF profile or contact This email address is...

FIF has scheduled a call for Thursday February 9 at 2 pm ET to continue the discussion of the recent SEC rule proposal on Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. FIF has invited members of the Data and Technology Committee, the Front Office Committee and the Compliance and Surveillance Working Group to participate on this call. If you would like to participate on this call and are not a member of any of these groups, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Rule 605 Working Group. The Rule 605 Working Group continued its discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information, including order type categories, reporting based on notional value, reporting for orders received after the open and prior to the primary listing market disseminating its first firm quotations for the applicable security, reporting for mid-peg orders, reporting for segregated orders, providing an exemption for an introducing firm that routes all orders to its clearing firm, reporting for IOC and stop orders, removing the...

Charles Schwab has acquired The Family Wealth Alliance, a membership organization serving family offices and other high-end wealth firms working with ultra-high-net-worth clients. Founded in 2003, FWA members include registered investment advisors, multi-family offices, single family offices, professional services firms and specialty providers, according to Schwab. Members get access to research and educational content, exclusive events, roundtables and “curated connections,” the company says. FWA’s members collectively employ more than 20,000 people and manage over $500 billion...

Intercontinental Exchange, Inc. announced how it intends to implement the European Union’s Market Correction Mechanism Regulation (MCM Regulation) and related price cap on TTF natural gas derivatives, in time for entry into force of the regulation. ICE Endex, based in the Netherlands and operator of the world’s most liquid trading venue for TTF natural gas futures and options, plans to change its Rulebook to promote compliance with the MCM Regulation, effective February 15, 2023, subject to completion of relevant regulatory processes. Once the MCM Regulation enters into force, the Rules of...

BNY Mellon has announced a new outsourced trading offering for buy-side institutions globally, which it claims will provide opportunities for improved operational and strategic efficiencies, savings and expansion. The offering from BNY Mellon Capital Markets will be powered by xBK, the firm’s buy-side trading division, which executes over $1 trillion in volumes annually for its investment management franchise. The expanded outsourced trading offering will give clients the ability to reduce spending on data, trading infrastructure, analytics and reporting, as well as all associated trade...

Liquidnet, a technology-driven agency execution specialist, together with BondAuction, an auction platform for the Primary Debt Capital Markets, announced their partnership to provide their mutual clients access to BondAuction’s offering from their Order Management System (OMS). Building on Liquidnet Primary Markets’ established OMS connectivity, institutional investors will have the ability to place bids via Liquidnet into BondAuction’s  platform directly from their OMS and receive allotments back. The move will also allow auction style primary debt transactions to be connected to...

State Street Corporation announced that it has engaged both Amazon Web Services (AWS) and Microsoft as strategic providers of cloud and infrastructure solutions in connection with its multi-year technology transformation. State Street is consolidating its current network of segregated data center facilities to a more optimized data center footprint with fit-for-purpose designed and managed facilities. Through this transformation, State Street will modernize and standardize its technology infrastructure, leveraging automation and a combination of private cloud and public cloud...

FIF has scheduled the next TRACE/Fixed Income Working Group for Monday January 23 at 2 pm ET. The agenda for the call will be to review a revised draft of the FIF comment letter on FINRA Regulatory Notice 22-26 (“FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”). The Working Group also will continue its discussion of FINRA Regulatory Notice 22-28 (“TRACE Reporting of Foreign Sovereign Debt Securities: FINRA Adopts Amendments to Require Reporting of Transactions in U.S. Dollar-Denominated Foreign Sovereign Debt Securities to TRACE”). The...