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.

On Thursday December 1 at 11 am ET, Ignacio Sandoval and Kyle Whitehead of the Morgan Lewis law firm will review the SEC’s recently-adopted rule on Electronic Recordkeeping Requirements for Broker-Dealers, Security-Based Swap Dealers, and Major Security-Based Swap Participants. FIF has invited members of the Compliance and Surveillance Working Group, the Emerging Technologies Working Group, and the Back Office Committee to participate on this call. If you are not a member of any of these groups and would like to join this call, please contact This email address is being protected from...

FIF has scheduled a panel discussion on trade surveillance for the FIF Compliance and Surveillance Working Group and the FIF Front Office Committee for Thursday December 8 at 2 pm ET. The panelists will be Mark Davies of S3, Brett MacLeod of Abel Noser and Andrew White of Broadridge. Holly Dito of Pershing will moderate the panel. The panelists will discuss the scope of trade surveillance. Time permitting, the panelists also will discuss T+1 vs. real-time surveillance, use of AI for surveillance, trade surveillance based on business activity (retail; institutional; market making; exchange;...

CAT Monthly Update Working Group Call.  The CAT Monthly Update 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 also reviewed the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting. FIF CAT Transaction Reporting Working Group. The CAT Transaction Reporting Working Group discussed a recent FIF call with the CAT Operating Committee in which representatives of the CAT Operating...

To better support European asset managers in meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions announced the launch of its new end-to-end managed service solution. Starting January 1, 2023, SFDR requires asset managers to consider and disclose in a consistent manner how ESG factors are adopted in their decision-making processes. For Articles 8 and 9 funds, this includes a Pre-contractual Disclosure (PCD), Periodic Disclosure (PD) and Website Disclosure (WD). Additionally, starting June...

J.P. Morgan Wealth Management officially launched its remote advice business, J.P. Morgan Personal Advisors. As an introductory offer, the firm is waiving advisory fees for six months for anyone who signs up and funds an account. J.P. Morgan Personal Advisors clients will be able to speak with an advisor as frequently as they want by video or phone, receive a personalized financial plan and recommendations, and have access to expert-built investment portfolios. And because the service is integrated within the Chase ecosystem, clients can transfer money and manage all of their banking,...

UBS AG has launched a 375 million Swiss franc ($370 million) bond that the Swiss bank said in a story in Reuters news was the world's first digital bond to be publicly traded and settled on both blockchain-based and traditional exchanges. The three-year bond with a 2.33% coupon will be issued on the blockchain-based platform of SIX Digital Exchange (SDX) and dual-listed on SDX and the SIX Swiss Exchange. The digital bond settles via the SDX distributed ledger-based central securities depository (CSD) network. Settlement is instant and automatic and does not require a central clearing...

Miami International Holdings, Inc announced that SPIKES® Futures and Options are now trading in penny ($0.01) increments. Effective October 31, 2022, the SPIKES Futures minimum price increment is $0.01, creating the potential for tighter bid/ask spreads, reduced trading costs and the opportunity for improved execution prices according to a story in MarketsMedia news. The change to 0.01 index points will result in a $10 tick value per contract for SPIKES Futures, compared to the previous $50 tick value. The minimum trading increment for all series of SPIKES options is $0.01 if the options...

FIF would like to thank Cboe for hosting the Annual FIF Chicago Financial Markets Event on November 3. The event focused on regulatory, technology and market data developments for options. FIF would like to thank the keynote speaker (Catherine Clay, Cboe’s Global Head of Data and Access Solutions) and the panelists for the regulatory panel (Jeremy Kahn of Jane Street, Angela Lucas of Simplex and Nicole Pursley of Cboe) and the technology and market data panel (Melisse Morris of IMC and Jeff Wells of Cboe) for their participation.