Jefferies announced that it has entered a four-year agreement with Amazon Web Services (AWS) to further modernize the firm’s technology infrastructure by migrating its information technology (IT) infrastructure to the cloud. According to a story in MarketsMedia news, Jefferies will use AWS as its primary cloud infrastructure provider and move core business systems, internal and customer-facing applications, IT resources, and companywide data to AWS. The collaboration with AWS will significantly improve the speed, quality, and types of digital services that Jefferies can provide to clients...

FIF has scheduled an additional CAT CAIS Working Group call for this week for Monday May 23, 2022 at 11 am ET. This call is in addition to the regularly-scheduled CAIS Working Group call on Wednesday. The CAIS Working Group will not have a call on Friday May 27 because of the holiday weekend.

The FIF TRACE/Fixed Income Working Group will meet on Monday May 23, 2022 at 2 pm ET to discuss 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 continue its discussion of implementation issues relating to the Federal Reserve Board rule to expand TRACE reporting in US Treasuries to include certain depository institutions. 

The FIF Front Office Committee will meet on Tuesday May 24, 2022 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

On Tuesday May 24, 2022 at 2 pm ET, attorneys from the Willkie Farr law firm will review the SEC’s T+1 rule proposal and discuss material issues raised by certain market participants in their comment letters on the rule proposal. FIF has invited the members of the FIF Back Office Committee and the Compliance Working Group to the call. If you would like to participate on this call and are not a member of the Back Office Committee or the Compliance Working Group, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF has scheduled the next call for the FIF Rule 606 Working Group for Tuesday May 24, 2022 at 3 pm. The agenda for the call will be to discuss recent guidance from FINRA to two industry members requiring additional detail in the Rule 606(a) material disclosures.

The FIF Data & Technology Committee will meet on Wednesday May 25, 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 James Arrante of Cboe, who will provide an update on FX trading.

On Thursday May 26, 2022 at 11 am ET, FIF will host a call focused on implementation challenges firms are facing as a result of the SEC’s application of Rule 15c2-11 to fixed income securities. To lead off the discussion, Jason Palsgrove of Bloomberg will discuss the Bloomberg Fixed Income Quotation Transparency Product Related to SEC Rule 15c2-11. The Working Group also will discuss how firms are defining what constitutes publishing of a fixed income quote. FIF has invited the members of the FIF TRACE/Fixed Income and Compliance Working Groups to the call. If you would like to participate...

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...