The FIF Back Office Committee will meet on Tuesday June 21 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter for the meeting will be Greg Lee of Paxos, who will provide an update on Paxos’ clearing agency activities.

The FIF Front Office Committee will meet on Tuesday June 28, 2022 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter for the meeting will be Chris Sparrow, who will discuss Adverse Selection in Volatile Markets.

The FIF Data and Technology Committee will meet on Wednesday June 29, 2022 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 for the meeting will be Stefanos Barzinas of the NYSE, who will discuss the surge in off-hours trading volume.

Teresa Walsh, Global Head of Intelligence at FS-ISAC, will discuss the NATO Cooperative Cyber Defence Centre of Excellence (CCDCOE) Exercise that took place on April 19-22, 2022. The date and time for this presentation is being finalized and will be communicated shortly. 

TRACE/Fixed Income Working Group. The FIF TRACE/Fixed Income Working Group reviewed and made final edits to the FIF comment letter on the recent FINRA rule filing with the SEC to expand TRACE reporting to cover transactions in US dollar denominated foreign sovereign bonds. The Working Group discussed additional questions from FIF members relating to TRACE reporting by Covered Depository Institutions, which takes effect on September 1, 2022. FIF and the FIF TRACE Co-Chairs participated on a call with FINRA representatives to discuss open questions on TRACE reporting by Covered Depository...

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEXTM), and Bermuda Stock Exchange (BSXTM), and Lukka Inc. (Lukka™) announced  that they have entered into a strategic alliance to jointly develop and launch a suite of proprietary crypto derivatives on MIH exchange platforms based on Lukka-supplied crypto data. The agreement provides MIH with a multi-year global license to use Lukka data to support its exchange-listed...

Bloomberg announced  that it has expanded its data coverage on the Bloomberg Terminal, which will now include 50 cryptocurrencies. Users of its professional terminal will be able to see data on bitcoin (BTC), ether (ETH), binance coin (BNB) and solana (SOL), among others, according to the announcement. This will enable clients to access and monitor intraday pricing for crypto, indices and futures contracts in real-time. Cryptocurrency prices were first added to the terminal — a ubiquitous fixture on the desks of Wall Street traders — in 2013 with the introduction of...

StoneX Group Inc., a diversified global financial services firm providing execution, risk management and advisory services, market intelligence, and clearing services across multiple asset classes and markets around the world, announced the launch of StoneX Digital LLC ("StoneX Digital"), a subsidiary dedicated to providing institutional clients with access to multiple products and services for digital assets. Brian Mulcahy, who joined StoneX in 2021 as Managing Director of Multi-Asset Business Development, will lead the StoneX Digital entity. StoneX Digital...

Intercontinental Exchange, Inc. announced that J.P. Morgan’s Securities Services has integrated with ICE ETF Hub to facilitate connectivity for its ETF issuers. ICE ETF Hub brings efficiencies to primary trading workflows by providing market participants with open architecture technology, which simplifies and standardizes the process for ETF creation and redemption. The solution supports equity and fixed income ETFs and allows authorized participants to use a FIX application programming interface (API) to systematically manage the creation and redemption process, offering users an...