According to Markets Media, Charles Schwab announced Schwab Crypto™, a spot crypto trading offer that will begin a phased rollout to retail clients in the coming weeks. Schwab Crypto will provide direct access to bitcoin and ethereum trading, combined with educational content and experienced professional support all at a great value. In a recent Schwab survey of nearly 500 current and prospective cryptocurrency investors, respondents identified three key factors when choosing a firm for cryptocurrency trading: low, transparent pricing; brand familiarity and reputation; and confidence that...

According to eFinancialCareers, many banks have built out their AI capabilities in recent years, so the talent pool of AI experts in banking is ever-growing. Sometimes you need a bit of help from outside, however; Goldman Sachs and Citi are hiring new AI managing directors (MDs) from big tech and consulting. This week, Goldman hired Washington-based Omer Zaki as an MD for AI and foundational infrastructure. He was most recently a VP of AI infrastructure innovation at Oracle, but he spent the bulk of his career with AWS. Latterly, he was a director of product...

The Back Office Committee will have its next call on Tuesday April 14 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.

FIF has scheduled two joint calls for the CAT Transaction Reporting and CAIS Working Groups for the  week of April 20. The first call will be on Monday April 20 at 1 pm ET; the second call will be on Wednesday April 22 at 2 pm ET. The Working Groups will continue the discussion on prioritizing the recommendations previously submitted by the FIF Working Group to CAT LLC.

The Front Office Committee will have its next call on Tuesday April 21 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter will be Dmitri Galinov of 24X Exchange, who will discuss the recent exemption request submitted by 24X Exchange to the SEC and the benefits of trading stocks and tokenized securities overnight on a regulated exchange.

FIF has scheduled two calls for the Rule 605 Working Group for the week of April 20. The first call will be on Tuesday April 21 at 1 pm ET; the second call will be on Thursday April 23 at 1 pm ET. The Working Group will continue its discussion of the Rule 605 FAQs and Rule 605 exemptive order published by the SEC on April 1 and a draft letter to the SEC with questions and comments on the Rule 605 FAQs.

FIF has scheduled a call for the CAT Transaction Reporting Working Group for Thursday April 23 at 12 pm ET to continue the discussion of CAT Transaction Reporting scenarios for options.

On Thursday April 23 at 3 pm ET, Stevie Conlon, Robert Schwaba and Anna Vayser of Wolters Kluwer will present to the Tax Information Reporting Working Group on “Broker Reporting Issues for Tokenized Securities.”

The Data & Technology Committee will have its next call on Wednesday April 29 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Adrian Griffiths, who will discuss the upcoming launch of the MX2 Exchange for options trading.