24x7 Trading Working Group. The 24x7 Trading Working Group continued its discussion of a draft FIF letter to FINRA proposing that FINRA provide interpretive guidance and exemptive relief relating to the support of low-touch trading outside of regular U.S. business hours. The Working Group discussed a revised draft issues list relating to the planned expansion of exchange trading, including short sale locate requirements, TRF reporting, off-exchange trading, corporate actions and dividends. Trump Accounts Working Group. The Working Group discussed issues and questions from FIF members...

According to Markets Media, BNP Paribas’ exchange offering already provides access to a wide range of investment products: stocks, bonds, ETFs, SCPIs, and structured products. To meet the interest of certain investors in the crypto-asset market, the bank is expanding its offering to 6 new ETNs that can be accessed through a securities account and in an autonomous manner. These crypto-asset-backed products are now available for subscription under the MIFID2 regulation, which ensures investor protection.

According to The Block, Intercontinental Exchange has injected another $600 million into Polymarket, extending its push into the fast-growing prediction market sector. The New York Stock Exchange parent firm said the investment forms part of its previously agreed funding arrangement with Polymarket, following an initial $1 billion investment made in October 2025 from a planned $2 billion.

According to the TRADE news, BMO is set leverage CME Group’s permissioned network on Google Cloud Universal Ledger (GCUL) to provide a new 24/7 tokenized cash solution. Specifically, the new offering will allow institutional clients to easily and securely move value, by converting dollars into tokenized instruments to be used with margined products at CME Group, without the restrictions of traditional market hours.  

Note: Registration is now closed, all registrants should have a calendar invite with instructions. See you all tomorrow! FIF is excited to announce our first quarterly event of 2026, sponsored by OTC Markets. After opening remarks from Dan Zinn of OTC Markets, there will be two panels, one on Building Regulated U.S. Markets for Tokenized Securities and Digital Commodities, and the other panel focusing on exchange and other market developments, including expanded exchange trading hours, SIP odd lots and changes to minimum quoting increments. On the Tokenized Securities and Digital...

The next call for the Rule 605 Working Group will be on Monday March 23 at 11 am ET. The Working Group will continue its discussion of a draft letter to the SEC relating to implementation of the Rule 605 amendments, including reporting for different order types and orders with different characteristics.

The next call for the Trump Accounts Working Group will be on Monday March 23 at 1 pm ET. This Working Group provides a forum for FIF members to discuss technical and operational issues relating to the creation and maintenance of Trump Accounts, including the account transfer process. If you would like to participate in these discussions, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday March 25 at 2 pm ET. The Working Groups will continue their discussion of proposals to reduce CAT costs, the removal of PII from CAIS, and required CAT reporting changes to conform to the expansion of exchange trading hours. 

The 24x7 Trading Working Group will have its next call on Thursday March 26 at 11 am ET. The Working Group will continue its discussion of issues raised by FIF members relating to the planned expansion of exchange trading hours. The Working Group will also discuss a revised draft letter to FINRA relating to registration of personnel based outside the U.S. who support low-touch trading overnight.