While State Street’s digital arm is working on the ability to custody cryptoassets by the end of the year, tokenization remains a top focus for the business going forward as institutions continue to show interest in the segment. Using distributed ledger technology to tokenize funds and private assets, for example, to improve efficiency and accessibility is something the company is working on for 2023, according to a story in Blockworks news. State Street’s assets under custody and administration were $42.6 trillion as of June 30. Its asset management arm had $3.9 trillion in assets at that...

Barclays Research Data Science have released their first open-source code tools to help users query the most popular financial research databases according to a story in MarketsMedia news. Ryan Preclaw, head of research investment sciences and Adam Kelleher, chief data scientist for research at Barclays investment bank, said in a report that analysts are using diverse data sources alongside traditional financial data such as filings, earnings call transcripts, which requires them to use modern technology for data analysis. “A single project might require SQL queries,...

Two Sigma, a financial services company focusing on data-driven quantitative investing, has announced the acquisition of Hivemind Technologies’ software platform to strengthen its data-handling capabilities. The terms of the deal were not disclosed. Founded in 2001, New York-based Two Sigma combines rigorous inquiry and data analysis with a variety of technological methods, including artificial intelligence (AI), machine learning (ML) and distributed computing, to inform its trading strategies. The company claims its data-driven approach helps solve the toughest challenges in the...

At the beginning of this year Elizabeth King added the newly created role of president, sustainable finance at ICE to her position as chief regulatory officer to enable more collaboration across climate, data, markets and index teams. According to a story in MarketsMedia news, the new role is part of ICE’s initiative to bring together its sustainable finance products and services to better serve the needs of clients and enable them to meet their own sustainable finance goals according to King. “One of the things we are doing at ICE is to collaborate more effectively across our...

 Cboe Global Markets, Inc. announced the initial group of firms that intend to become equity investors in the Cboe Digital business. Cboe's advanced discussions with potential equity partners involve a broad and diverse range of market participants, including leading retail and institutional intermediaries, liquidity providers and brokers. These firms include B2C2, DRW, GSR, Hidden Road, IMC, Interactive Brokers, Jane Street, Jump Crypto, Optiver, Robinhood, tastytrade and Virtu Financial. The soon to be formalized group of equity partners join a roster of planned commercial partner...

For the week of August 29 FIF has cancelled the regularly-scheduled Wednesday and Friday calls on CAT CAIS and the regularly-scheduled Wednesday call on CAT Transaction Reporting. FIF has scheduled a call for Wednesday August 31 at 2 pm ET to discuss whether firms include the mark-up, mark-down or commission when reporting the “price” field in CAT Allocation events. If you are interested in participating on this call, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you on the invite.

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”. If you would like to be added to this Working Group, please update your profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

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 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.