Fidelity Investments has filed with the Securities and Exchange Commission to offer a direct indexing product with a $5,000 minimum investment. The product, called Fidelity Managed FidFolios, is in pilot but is expected to be available to all investors “in the coming months,” according to a story in Think Advisor news. The product will initially offer three different strategies — U.S. Large Cap Index, International Index and Environmental Focus — that investors can customize, with some limitations, by removing individual stocks or industries from those indexes. The Program is designed...

Broadridge Financial Solutions Inc.  announced it is the first fintech provider to connect to The Depository Trust & Clearing Corporation’s (DTCC’s) new automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The newly enhanced Reorganizations service, offered by DTCC’s subsidiary, The Depository Trust Company (DTC), automates the manual process of submitting corporate action instruction, thereby reducing risk associated with human error and providing significant cost savings for clients. The program will provide common members...

SS&C Technologies Holdings said it has entered into a definitive agreement to acquire the business and assets related to O'Shares ETFs according to a story in Pensions and Investments news. SS&C is a global provider of services and software for the financial services and health-care industries. The strategic deal with O'Shares ETFs will expand the offerings of SS&C ALPS Advisors, SS&C's wholly owned asset manager. Under Windsor, Conn.-based SS&C's ownership, O'Shares ETFs will remain focused on wealth preservation, income and capital appreciation while leveraging...

On Tuesday January 18 at 11am ET, Matt Cohen, CEO of Provable Markets, will discuss his firm’s role as an Approved SFT Submitter for the DTCC Securities Financing Transaction Clearing Service, which is currently under review by the SEC. This presentation will be part of the FIF monthly Back Office Committee call. If any member of the FIF Securities Lending Transparency Working Group who is not a member of the FIF Back Office Committee is interested in joining this call, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript...

On Thursday January 20 at 10am ET, Ignacio Sandoval and Kyle Whitehead of the Morgan Lewis law firm will provide an overview of the SEC’s recent rule proposal relating to electronic recordkeeping. The invite for this presentation has been sent to the members of the FIF Back Office Committee and the Compliance, Cybersecurity and Emerging Technologies Working Groups. If you are interested in attending this presentation and do not have the invite in your calendar, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript enabled...

On Thursday January 20 at 3pm ET, Satish Kini of the Debevoise law firm will review the recent rule proposal by FinCEN to create a beneficial ownership registry. The invite for this presentation has been sent to the members of the FIF Compliance and CAIS Working Groups. To subscribe to either group, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

The next meeting for the FIF Securities Lending Transparency Working Group is scheduled for Tuesday January 18 at 2 pm ET. This Working Group is preparing a comment letter on the SEC’s November 18 rule proposal to create a new reporting system for securities lending. During January this group is scheduled to meet on Tuesdays at 2pm ET and Thursdays at 11am ET until the comment letter is completed. To subscribe to this group, please either update your profile or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Securities Lending Transparency Working Group. The Securities Lending Transparency Working Group reviewed a draft comment letter on the SEC’s November 18 rule proposal to create a new reporting system for securities loans. On January 10, Ignacio Sandoval of the Morgan Lewis law firm  presented a buy-side perspective on the SEC’s recent Securities Lending Transparency rule proposal. FIF CAT CAIS Working Group. The CAT CAIS Working Group reviewed the change announced by FINRA CAT to require the reporting of the accountHolderType in CAT Allocation events in place of reporting the...

Cryptocurrency trading is growing exponentially, and for institutional firms seeking alpha, it is rapidly moving up the strategic agenda. In response to growing institutional demand, a veritable plethora of institutionally oriented crypto exchanges have emerged over the past 24 months. A survey from Fidelity Digital Assets, encompassing a range of nearly 900 investors including crypto hedge and venture funds as well as traditional hedge funds and other investor types, found that: ➤ 36% of institutional investors surveyed currently invest in crypto ➤ Crypto investments appeal to...