The next call for the Rule 606 Working Group will be on Thursday September 22 at 3 pm ET. The Working Group will discuss recent guidance from FINRA to a firm on reporting routes to options floor brokers and routes to options algo providers.

The Front Office Committee will have its next call on Tuesday September 27 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenters will be Matt Cohen and Rachel Andreassian of Provable Markets, who will discuss FIX for stock lending.

The Data & Technology Committee will have its next call on Wednesday September 28 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 Mark Schaedel of DataBP, who will provide an update on the current status of efforts to introduce a consolidated tape in Europe.

FIF has scheduled a call for the Cybersecurity and Compliance Working Groups on Thursday September 29 at 11 am ET. The agenda for the call will be to discuss a request sent by the SEC to FIF to discuss a planned rule proposal by the SEC relating to cybersecurity. The following is a description of the rule proposal from the SEC’s most recent regulatory agenda: “The Division is considering recommending that the Commission propose rules to address registrant cybersecurity risk and related disclosures, amendments to Regulation S-P and Regulation SCI, and other enhancements related to the...

On Thursday October 6 at 4 pm ET, FIF will host a webinar on SEC Rule 15c2-11 (Publication or submission of quotations without specified information). The webinar will discuss application of the rule to quoting in unlisted equities and bonds, the expiration (on January 1, 2023) of the current relief relating to Rule 144A securities, and firm processes to validate that specific securities are eligible to be quoted. The moderator for the panel is Michael Lurie of Credit Suisse. The panelists are Edward Best of the Mayer Brown law firm, Chris Bok of OTC Markets and Jason Palsgrove of...

FIF OTC Options Reporting Working Group. The OTC Options Reporting Working Group continued its review of a draft FIF comment letter on FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. FIF plans to submit this comment letter later today. FIF Tax Information Reporting Working Group. Representatives from the EY Tax Team presented on IRC 1446(f), withholding on dispositions of interests in publicly traded partnerships. The next meeting will take place on 10/20 @ 2pm ET. FIF...

A consortium of financial heavyweights including electronic trading giant Citadel Securities and brokerages Fidelity Investments and Charles Schwab Corp. announced plans to launch a new cryptocurrency exchange According to a story in The Wall Street Journal. The launch of the exchange, to be called EDX Markets, is a sign that Wall Street continues to see opportunity in digital assets despite this year’s slump. EDX said that it would aim to serve both individual and institutional investors. It didn’t provide a timeline for its launch. It said the technology to run its exchange would be...

SS&C Technologies Holdings, Inc. announced a new collaboration with Trumid, a financial technology company and fixed income electronic trading platform. Under the agreement, SS&C clients managing U.S. and emerging market corporate bonds can access Trumid through Eze OMS. Eze OMS clients can now source liquidity from Trumid's growing network of more than 650 buy- and sell-side institutions, gaining access to flexible trading protocols and integrated market data and analytics tools, each designed to help unlock valuable network liquidity and pricing. More than 200 Eze OMS users manage...

Pragma, an independent provider of multi-asset execution technology, has released a new generation of Panorama, the firm’s algorithmic management system (AMS). According to a story in Traders Magazine, Panorama 2.0 provides Pragma’s global client base with the next generation in algorithmic management, real-time transaction cost analysis (TCA), and full transparency across the life cycle of their algorithmic orders. It also provides clients with increased dynamic order performance and venue visualizations, customized alerting, and a high degree of transparency into their algorithmic...