A new ESG product that JPMorgan Chase & Co. is about to start offering clients shows how rapidly perceptions are changing about the investment strategy. This according to a story in Bloomberg news. JPMorgan has teamed up with software firm Datamaran to develop a data-analysis tool for clients to gauge not just the environmental, social and governance risks facing portfolio companies, but also the ESG risks that such assets pose to the world around them. While the concept -- known as double materiality -- is already built into EU ESG regulations, it has yet to make inroads in...

Interactive Brokers has introduced options trading in two of its trading apps – IBKR GlobalTrader, a mobile trading app for investors to trade stocks and now options, and IMPACT, a specialized app for ESG-focused investors. According to a story in Traders Magazine, Interactive Brokers previously offered options trading through its flagship Trader Workstation, Client Portal and IBKR Mobile platforms. IBKR GlobalTrader and IMPACT now include the new Options Wizard and Options Chain tools to help users understand how options work and how to trade them. Interactive Brokers plans to...

Cboe Global Markets, Inc. announced the launch of the Cboe One Canada Feed, a new real-time market data solution that provides high-quality Canadian equities reference quote and trade information. Through a single consolidated feed, the Feed will offer a complete and comprehensive view into the Canadian market with coverage of all Canadian stocks and exchange-traded products. The Cboe One Canada Feed is Cboe’s first Canadian data offering following the company’s recent expansion into the country with its acquisitions of NEO, a Toronto-based stock exchange operator,...

Processing solutions provider Murex has integrated with ICE Data Services, part of Intercontinental Exchange, to improve access to ICE’s fixed income and derivatives data via the MX.3 platform. According to a story in The Trade news, the incorporation of ICE’s data into MX.3 will provide existing and potential clients with access to a wide range of daily and historical data such as cross-asset prices, volatilities and other analytics – which can be used to inform trading, risk management and profit and loss management. According to Murex, buy- and sell-side participants can use ICE’s data...

The next call for the FIF OTC Options Reporting Working Group will be on Tuesday September 6 at 11 am ET. The Working Group will continue 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”. This group is meeting on Tuesday this week because of the Labor Day holiday; starting next week, this Working Group will revert to its normal weekly meeting time of Monday at 11 am ET.

The next call for the TRACE Working Group will be on Thursday September 8 at 10 am ET. The Working Group will continue its review of a draft FIF comment letter on FINRA Regulatory Notice 22-17 and MSRB Notice 2022-07. These regulatory notices propose to reduce to one minute the timeframe for reporting trades in corporate, agency and muni bonds. The Working Group also will review draft FIF members questions for FINRA relating to TRACE reporting for Covered Depository Institutions and TRACE reporting of foreign sovereign bonds. The Working Group also will discuss FINRA’s consideration of a...

The FIF CAT Monthly Update Working Group call for September will be on Thursday September 8 at 2 pm ET. The Working Group will review 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 will review the current areas of focus for FIF members and the current open issues for CAT transaction reporting and CAT CAIS reporting.

On Thursday September 15 at 2 pm ET, representatives from the EY Tax Team will present on IRC 1446(f), withholding on dispositions of partnership interests. FIF has invited members of the Tax Information Reporting Working Group, the Front and Back Office Committees, and the Compliance Working Group to participate on this call.

FIF CAT Transaction Reporting Working Group. The CAT Transaction Reporting Working Group held a call focused on whether firms include the mark-up and mark-down when reporting the price field in CAT Allocation events. FIF and FIF members participated on a call with FINRA CAT to discuss CAT clock synchronization and electronic timestamp increments.