According to FX News Group, leading principal market maker Virtu Financial Inc (NYSE:VIRT) has announced that it has integrated with Talos, a provider of institutional digital asset infrastructure, technology and data supporting the full investment lifecycle. With this integration, Virtu is now streaming spot digital asset liquidity to institutional clients through the Talos platform. With more than 17 years of experience providing liquidity across equities, foreign exchange, commodities and fixed income markets, Virtu is leveraging its principal trading expertise to scale its operations in...
Panelists Announced - FIF Quarterly Event Sponsored by OTC Markets
FIF is excited to announce our first quarterly event of 2026, sponsored by OTC Markets. After opening remarks from Cromwell Coulson of OTC Markets, there will be two panels, one on Building Regulated U.S. Markets for Tokenized Securities and Digital Commodities, and the other panel focusing on exchange and other market developments, including expanded exchange trading hours, SIP odd lots and changes to minimum quoting increments. On the Tokenized Securities and Digital Commodities Panel, the panelists will be Shawn Sloves of Fundamental Interactions, Reid Noch of TD Securities and Jeff...
FIF Submits Comment Letter Relating to CAT Operating Costs
On March 2, FIF submitted a comment letter to the SEC in response to the rule filing by CAT LLC to reduce CAT operating costs. FIF would like to thank the members of the CAT Transaction Reporting and CAIS Working Groups for their contributions in the drafting of this comment letter.
FIF Submits Letter to CAT LLC with Recommendations Relating to CAT
On March 5, FIF submitted a letter to CAT LLC with recommendations relating to CAT. FIF would like to thank the members of the CAT Transaction Reporting and CAIS Working Groups for their contributions in the drafting of this letter.
New Trump Accounts Working Group
At the request of an FIF member, FIF has created a new Trump Accounts Working Group. This Working Group will provide a forum for FIF members to discuss technical and operational issues relating to the creation and maintenance of Trump Accounts, including the account transfer process. FIF hosted the first call for this Working Group on February 26. The next call will be on Monday March 9 at 1 pm ET. If you would like to participate in these discussions, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..
Back Office Committee
The Back Office Committee will have its next call on Tuesday March 10 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.
Rule 605 Working Group
The next call for the Rule 605 Working Group will be on Tuesday March 10 at 1 pm ET. The Working Group will continue its discussion of a draft letter to the SEC relating to implementation of the Rule 605 amendments, including reporting for different order types and orders with different characteristics.
24x7 Trading Working Group
The 24x7 Trading Working Group will have its next call on Wednesday March 11 at 11 am ET. The Working Group will continue its discussion of issues raised by FIF members relating to the planned expansion of exchange trading hours. The Working Group will also discuss a draft letter to FINRA relating to registration and the recent exemption request submitted by 24X Exchange.
CAT Transaction Reporting and CAIS Working Groups
FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday March 11 at 2 pm ET. The Working Groups will continue their discussion of proposals to reduce CAT costs, the removal of PII from CAIS, and required CAT reporting changes to conform to the expansion of exchange trading hours.