FIF has scheduled an additional CAT Transaction Reporting Working Group call for this week to focus on various exemptions that are scheduled to expire on July 31, 2023, including the exemption for reporting linkage of representative and customer orders for unlinked systems. This call is scheduled for Monday April 18, 2022 at 2pm ET. This call is in addition to the regularly-scheduled CAT Transaction Reporting Working Group call on Wednesday.

The FIF Back Office Committee will meet on Tuesday April 19 at 11am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

FIF Rule 606 Working Group. The FIF Rule 606 Working Group discussed recent guidance from the SEC staff relating to Rule 606 reporting for notional value orders that include fractional shares. The Working Group provided an update on a recent FIF discussion with FINRA relating to FINRA’s proposal to require Rule 606-type disclosures for routing in OTC equities and how reporting would apply for OTC Link scenarios.    FIF Short Sales/Reg SHO/Short Interest Reporting Working Group. The FIF Short Sales/Reg SHO/Short Interest Reporting Working Group continued its review of a draft...

Goldman Sachs has acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros ($1.9 billion) to expand its asset management footprint in Europe and increase its sustainable investment capabilities. NN Investment Partners, formerly part of NN Group will be integrated into Goldman Sachs Asset Management (GSAM). The acquisition of the firm, which has more than 900 employees, brings Goldman's assets under supervision to approximately 2.8 trillion dollars. Buying NN Investment Partners, based in The Hague, is part of Goldman Sachs’ plan to scale up its...

Societe Generale’s Global Markets division has integrated the artificial intelligence platform, Saphyre, to manage its onboarding and maintenance of buy-side funds. The New Jersey-based outfit digitizes all pre-trade data and documents, eliminating redundant manual processes and allowing for secure, expedited access to data throughout the trade lifecycle. It claims to reduce the time to set-up a new fund while also providing any updated data related to it. Since its launch in 2017, the firm has received 104 issued patents and has been integrated with seven different platforms as part of its...

Cboe Global Markets, Inc. announced it will list S&P 500 Index (SPX) Weeklys optionsSM with Tuesday expirations beginning Monday, April 18, and Thursday expirations beginning Wednesday, May 11. These new listings build on the success of Cboe's popular SPX Weeklys options, which currently include Monday, Wednesday and Friday-expiries, and will expand the product suite to provide expirations every trading day of the week. The SPX options market is one of the most actively traded and liquid options markets across the globe. SPX Weeklys options are similar to standard monthly SPX...

Financial technology leader FIS announced it has teamed with Fireblocks to accelerate crypto adoption within the capital markets industry by enabling firms of all types to access the largest crypto trading venues, liquidity providers, lending desks and decentralized finance (DeFi) applications. A recent study found that 69 percent of institutional investors in the U.S. would like to adopt digital assets as a part of their investment portfolio. Leveraging the Fireblocks platform, FIS capital markets clients can move, store and issue digital assets, and gain access to self-custody digital...

Intercontinental Exchange, Inc announced the launch of a data solution for the European Union Sustainable Finance Disclosure Regulation (EU SFDR). By requiring more transparency and standardization in the products offered by asset managers, the EU SFDR is designed to help investors compare among the growing number of investments with sustainable objectives. To achieve this goal, the EU SFDR requires financial market participants and financial advisors, at the firm-level and product-level, to identify and disclose sustainable impacts and whether and how each financial product considers...

TP ICAP, an electronic market infrastructure and information provider, announced that it has enhanced Liquidnet’s New Issue Trading (NIT) protocol for bonds to enable dealers to join the buy-side in placing orders and trade directly on its new issue order book. Liquidnet launched the NIT protocol – the first electronic solution to trade new issues in Europe – to its network of over 500 global firms in September 2021.  Expanding access to the protocol will now enable more than 100 of TP ICAP’s major dealer clients to also connect, enabling the buy-side and the sell-side to trade...