FIF has scheduled an additional call for the TRACE/Fixed Income Working Group for Monday January 9 at 2 pm ET. The agenda for the call will be to review the first draft of a comment letter on FINRA Regulatory Notice 22-26 (“FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”). Time permitting, the Working Group also will discuss 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...

The next call for the Rule 605 Working Group will be on Tuesday January 10 at 2 pm ET. The agenda for the call will be to discuss the SEC’s recent rule proposal on Disclosure of Order Execution Information. For this call only, FIF will also invite members of the Rule 606 Working Group. If you are not a member of the Rule 605 Working Group and would like to participate on these calls, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Rule 606 Working Group. The Rule 606 Working Group continued its review and discussion of a draft FIF comment letter on the rule filing submitted by FINRA to the SEC on Disclosure of Order Routing Information for OTC Equities (SR-FINRA-2022-031). FIF submitted this comment letter on December 20.   FIF CAT CAIS Working Group. On December 20, 2022 FIF members participated on a call with SEC staff to discuss the prior request submitted by FIF members for an extension of the Full CAIS compliance date. The Working Group discussed this call and next steps. The Working Group...

FlexTrade Systems, a global leader in multi-asset execution and order management systems, announced its first direct EU electronic execution between UBS Asset Management and J.P. Morgan on FlexTrade's Fixed Income EMS solution, FlexTRADER FI (FlexFI). The bilateral electronic trade between UBS Asset Management (buy side) and J.P. Morgan was made possible by J.P. Morgan’s ability to provide its differentiated and high-quality electronic liquidity directly into UBS Asset Management's instance of FlexTrade's FlexFI solution. This type of integration enables UBS Asset Management to interact and...

JP Morgan Asset Management and bank-connected platform Trovata have partnered to help mutual clients utilize Morgan Money’s services to access higher yields on corporate investing amidst rising interest rates. According to a story in The Trade news, the Morgan Money corporate investing and trading solution will be hosted by Trovata as the first third-party app on its platform. The partnership will allow mutual clients to determine their liquidity needs using Trovata to then utilize Morgan Money’s services to take investment actions. Users will be able to transact across their global...

Multi-asset enterprise trading technology provider oneZero has added Cboe FX and State Street to its network of liquidity providers and venues according to a story in The Trade news. As part of the move, the two firms will have access to more than 200 FX brokerages in the oneZero network which make over 10 million transaction and 150 billion quotes per day across retail and institutional FX markets. Originally launched in 2019, oneZero’s Institutional Hub has experienced rapid adoption from institutional brokers and banks looking to replace legacy systems. Cboe FX, which benefits from an...

Due to years of effort from FIF and its Members, FIF was cited 72 times in the recent SEC Rule 605 release. Our relationship with the regulators continues to be a benefit of FIF Membership. FIF plans to hold 605 working group calls at the beginning of 2023 to discuss this filing. 

The next call for the Rule 606 Working Group will be on Monday December 19 at 2 pm ET. The Working Group will continue its review of a draft FIF comment letter on the rule filing submitted by FINRA to the SEC on Disclosure of Order Routing Information for OTC Equities (SR-FINRA-2022-031). The comment period for this rule filing ends on December 27. FIF intends to finalize and submit its comment letter shortly after the December 19 Working Group call.

FIF has cancelled the CAT Transaction Reporting call for this Wednesday (December 21), the CAIS call for this Friday (December 23) and the CAT Transaction Reporting and CAIS calls for next week (December 28 and 30). FIF will host a CAIS call for this Wednesday (December 21) at 11 am ET.