Cboe Global Markets announced that it has completed the acquisition of NEO, a fintech firm that consists of NEO Exchange and NEO Connect. Fully operational since 2015, NEO Exchange is a registered Canadian securities exchange based in Toronto. Through the acquisition, Cboe aims to support clients in Canada with innovative and technology-driven products. Additionally, Cboe is planning a global ETP and corporate listings strategy focused on seamless customer experience.

FIF is pleased to welcome IntelligentCross to the FIF Community.

On Thursday June 16, 2022 from 5-8 pm ET, FIF will host an in-person panel discussion focused on CAT CAIS. The panel discussion will be from 5-6:30 pm with refreshments and networking afterwards from 6:30-8 pm. The event will take place at Refinitiv's offices at 28 Liberty Street, New York, NY 10005. Attendees must provide proof of vaccination to attend this event. FIF would like to thank Refinitiv for sponsoring this event. FIF will send registration instructions later this week.

The Securities Lending Transparency Working Group will meet on Tuesday May 31, 2022 at 2 pm ET. The agenda for the call will be to consider a request that FIF received from SEC staff members to discuss the comment letter on the SEC’s Securities Lending Transparency rule proposal that FIF submitted on January 19, 2022. SEC staff members have identified the following issues that they would like to discuss: reporting increment – 15 minutes/end of day/next day; phase in/implementation period; available to lend requirement/utilization rates; arranged financing; and re-hypothecation/internal...

The FIF TRACE/Fixed Income Working Group will meet on Thursday June 2, 2022 at 10 am ET to review a draft 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 also will discuss the May 23, 2022 rule filing by FINRA with the SEC (SR-FINRA-2022-013) to require reporting of transactions in U.S. Treasuries as soon as practicable, but no later than one hour after execution. The rule filing also proposes to require that electronic executions in U.S. Treasuries be reported...

The CAT Monthly Update Working Group will meet on Thursday June 2 at 2 pm ET to review guidance and updates from the SROs 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.

Rule 606 Working Group. The FIF Rule 606 Working Group discussed recent guidance from FINRA to two industry members requiring additional detail in the Rule 606(a) material disclosures. The Working Group also discussed current FIF member efforts to implement Rule 606(a) options look-through. TRACE/Fixed Income Working Group. The FIF TRACE/Fixed Income Working Group discussed 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 the implementation status of the rule recently...

Cboe Global Markets launched periodic auctions in the US in April this year after pioneering them in Europe, and may introduce the order type in other geographies according to a story in MarketsMedia news. Adam Inzirillo, head of North American Equities at Cboe Global Markets, said that periodic auctions launched in the US on April 14 and that he is encouraged with the number of clients that are currently live. “We have a global transaction strategy which is unique versus our peers as there are not too many exchange operators in Canada, US, Europe, Asia, and Japan,” he said. The exchange...

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Inc. Has launched a new Environmental, Social and Governance (ESG) reporting solution. The new solution, which enables disclosure through the European ESG Template (EET), is an expansion of Broadridge's multi-jurisdictional regulatory fund reporting suite used by asset managers globally. The end-to-end EET outsourcing solution has rigorous evidential control systems to...