The Front Office Committee will have its next call on Tuesday December 13 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

The next call for the TRACE/Fixed Income Working Group will be on Tuesday December 13 at 3 pm ET. The Working Group will discuss FINRA Regulatory Notice 22-26 (“Trade Reporting and Compliance Engine (TRACE): FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”), FINRA Regulatory Notice 22-27 (“TRACE Reporting of U.S. Treasury Securities: FINRA Adopts Enhancements to TRACE Reporting for U.S. Treasury Securities”), and responses from FINRA to FIF member comments and questions on TRACE reporting by Covered Depository Institutions and TRACE...

The Back Office Committee will have its next call on Thursday December 15 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

FIF Data and Technology Committee. The Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter was Brent Yates of IEX, who discussed IEX cloudSwXtch. Please find the meeting materials here and the full capacity statistics deck here.  CAT Monthly Update Working Group Call. The Working Group reviewed guidance and updates from the CAT Plan Participants and FINRA CAT on CAT transaction reporting and CAT CAIS reporting during the prior month. The Working Group...

HSBC agreed to sell its Canadian operations to Royal Bank of Canada for $10.1 billion in cash according to a story in The Wall Street Journal. HSBC said its Canadian operations run more than 130 branches, serve more than 780,000 customers and are healthy and profitable. But HSBC said the unit has a comparatively small share of the Canadian market and doesn’t fit into the banking giant’s plan to focus more on financing global trade and to serve households and businesses in Asia, parts of Europe and the Middle East. The deal needs regulatory approval and is expected to close in late 2023,...

S3 Partners, a financial data marketplace and workflow platform, announced a new strategic partnership with Boosted.ai, a distributed machine learning platform for global investment professionals. The new partnership expands the distribution network of S3 BLACK App and S3 Blackwire OMS to Boosted Insights, for immediate use by Boosted.ai clients. Through the combination of machine learning from Boosted.ai and alternative data from S3 Partners – including short interest, financing rate, crowded score and squeeze risk – institutional investors using the platform will be better equipped to...

TP ICAP, a provider of market infrastructure, announced that Fusion Digital Assets – its wholesale marketplace for spot cryptoassets – has successfully registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA). The trading venue, which is for institutional market participants only, will be operated by Tullett Prebon (Europe) Limited. The platform combines three integrated elements: Fusion, TP ICAP’s proprietary OTC electronic platform, providing clients with a non-custodial cryptoasset exchange for order matching and trade execution; Fidelity Digital...

Goldman Sachs launched GS DAP, a new digital assets platform built on private permissioned blockchain technology augmented by a smart contract application layer according to a story in The Trade news. The tokenisation platform will be used to facilitate the issuance, registration, settlement and custody of digital assets, including but not limited to digital bonds. It is jurisdiction-agnostic and can be leveraged across global capital markets. Also, the European Investment Bank (EIB), in collaboration with Goldman Sachs Bank Europe, Santander and Société Générale, launched Project Venus,...

The Data and Technology Committee will have its next call on Wednesday November 30 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 Brent Yates of IEX, who will discuss IEX cloudSwXtch.