Fidelity Investments announced the launch of Saifr, a regulatory technology (RegTech) business that offers human augmentation tools to help financial institutions facilitate the creation, review, and approval of public communications to mitigate brand, reputational, and regulatory risk according to a story in MarketsMedia news.  Utilizing a set of proprietary Natural Language Processing (NLP) models trained on tens of millions of compliance-reviewed data records, Saifr offers two solutions, SaifrReview and SaifrScan, which foster greater collaboration between marketing and compliance...

DASH Financial Technologies, a U.S. options technology and execution provider, announced the launch of DASH OMS, a newly redesigned order management system (OMS) built specifically for traders with options-centric workflows. Available immediately, key features of DASH OMS include:  Access to all DASH routing and algorithmic execution tools, including the award-winning SENSOR suite, DASH ATS and an integrated volatility trading suite. Support for all US listed-option products, including single-leg, spreads and crossing orders. Integration with...

IHS Markit has partnered with METACO, a provider of security software, to provide a single multi-asset platform for financial institutions to manage digital assets alongside traditional assets. As part of the mandate, IHS Markit’s Securities Processing solution will be integrated with METACO Harmonize, a secure digital asset solution that secures, automates and standardizes trades, settlements and corporate actions lifecycles. The IHS Markit Securities Processing solution enables clients to replace multiple applications and discrete processes with a cloud platform and integrated post-trade...

Instinet is set to be the first executing broker on the equity capital marketplace and bookbuilding platform Appital ahead of its launch into Europe later this year. Through the collaboration, any flow formed and negotiated on the Appital platform by asset managers can be executed via Instinet. Appital is due to launch in Europe later this year and aims to give buy-side users access to deal flow they might not have previously been able to, allowing institutional investors to execute large orders in pan-European hard to trade stocks by “unlocking” latent liquidity. The platform has also...

The FIF Rule 606 Working Group will meet on Tuesday February 8 at 2pm ET to discuss a draft interchange report to facilitate Rule 606(a) options look-through reporting, Rule 606 reporting for cash value orders that involve fractional shares, and the FINRA proposal to require reporting for routes in OTC equities. The Working Group also will review a recent filing by the SEC with the Office of Management and Budget (OMB) that estimates the annual costs to the industry for Rule 606 compliance.

The FIF TRACE Working Group will meet on Thursday February 3 at 3pm ET to continue its discussion of the rule adopted by the Federal Reserve Board to expand TRACE reporting for Treasury and agency securities to certain depository institutions that are not broker-dealers.

On Thursday February 10 at 3 pm ET, Steven Lofchie and Nihal Patel of Cadwalader, Wickersham & Taft LLP will present on the SEC’s recent approval of a FINRA rule filing relating to margin requirements for covered agency transactions. They will also review a recently approved FINRA rulemaking to apply FINRA rules (including margin) to security-based swaps entered into by broker-dealers as principal or agent. They will also discuss the status of other developments relating to margin requirements for broker-dealers. The invite for this presentation has been sent to the members of the FIF...

FIF has scheduled a call for the CAT Transaction Reporting Working Group for Monday January 31 at 2pm ET to focus on linkage of representative and customer orders for unlinked systems.

The CAT Monthly Update Working Group will meet on Thursday February 3 at 2pm ET to review guidance and updates from the SROs 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.