On Monday March 7, 2022 at 4pm ET, FIF will host a webinar on Current Developments in Trading Technology. The webinar will include discussion of the following topics: converting voice communications to structured electronic data; 24-hour trading; trends in working from home and returning to the office; outsourced trading; risk data and analytics; interoperability; and machine learning. Ivy Schmerken of FlexTrade, will moderate the panel. The panelists will be Brian Hyndman of Blue Ocean ATS, Rajiv Kedia/Shane Remolina of FlexTrade and Mike Smith of IPC. Please register here to...

On Thursday March 10, 2022 at 3pm ET, FIF will host a spotlight presentation on Chief Compliance Officer liability. Patrick Campbell of the Baker Hostetler law firm, Adam Felsenthal, General Counsel of Great Point Partners, and Scott Gluck of the Duane Morris law firm will discuss a report by the Compliance Committee of the New York City Bar Association that details concerns about compliance officer liability and calls on regulators to provide limitations and guidance on when a compliance officer should be charged. They will also discuss the “no under influence over chief compliance...

FIF Front Office Committee. The FIF Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter for the meeting was Hitesh Mittal, CEO of BestEx Research, who discussed his paper on Queue Jumping and Smart Order Routing for Passive Limit Orders in the US Equity Market. Find this month's agenda here.  FIF Data and Technology Committee. The FIF Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures...

Elwood Technologies, the crypto-focused technology firm, announced a "strategic integration" with Bloomberg. According to a story in The Block news, the integration is geared toward the institutional clients who use the Bloomberg Asset and Investment Manager, or Bloomberg AIM, a buy-side order management system used by about 15,000 clients who, collectively, manage more than $17 trillion in assets. The idea is to tie up Bloomberg AIM with the capabilities offered by Elwood's trading platform. The integration is set to be completed and available for mutual Elwood and Bloomberg AIM...

Instinet Pacific Ltd has launched BlockMatch Asia, an Alternative Liquidity Pool for the trading of non-displayed equities. BlockMatch Asia will go live with Hong Kong securities first before expanding to other Asia-Pacific markets, Instinet executives said. The trading platform is expected to save institutional traders as much as half of the bid-ask spread, which is wider in Asia than in other developed markets. Previously operated as CBX Hong Kong, BlockMatch Asia provides two distinct order books: a Limit Crossing Book and a Market-on-Close Book, Instinet said.  One of its main...

Chainalysis, the blockchain data platform, announced that BNY Mellon, the world’s largest asset servicer, will be the first Global Systemically Important Bank with plans to utilize Chainalysis’s compliance software as part of their risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. According to a story in MarketsMedia news, BNY Mellon is building the industry’s first multi-asset digital custody and administration platform for traditional and digital assets. BNY Mellon plans to integrate the...

Canadian financial markets, data and information services provider CanDeal has partnered with IHS Markit to integrate its proprietary market data into the latter’s platform, which will provide the Canadian market with a new level of fixed income pricing accessibility according to a story in The Trade news. CanDeal Data and Analytics (DNA) offers dealer-source pricing accuracy and, through its partnership with IHS Markit, plans to combat one of the biggest issues currently facing Canadian capital markets. The integration of CanDeal’s 1pm, 3pm and 4pm snapshot pricing will allow IHS Markit...

Non-fungible tokens could be the New York Stock Exchange’s next venture as the NYSE has submitted a trademark application for an NFT marketplace according to a story in MarketsMedia news. NFTs are tokens on a blockchain which represent ownership of a unique physical or digital item, such as digital art. NYSE submitted a trademark application for an NFT marketplace on February 10, 2022. The filing said it is for the provision of an online marketplace for buyers, sellers, and traders of downloadable digital goods authenticated by NFTs; virtual and digital assets, artwork,...

The FIF Front Office Committee will meet on Tuesday February 22 at 11am 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 Hitesh Mittal, CEO of BestEx Research, who will discuss his paper on Queue Jumping and Smart Order Routing for Passive Limit Orders in the US Equity Market.