The next meeting for the new FIF Securities Lending Transparency Working Group is Tuesday December 21 at 2pm ET. This Working Group will discuss and prepare a comment letter on the SEC’s November 18 rule proposal to create a new reporting system for securities lending. The reporting system, as proposed by the SEC, will apply to equities and bonds, including corporates, Treasuries, Agencies, asset and mortgage-backed securities, and municipal bonds. After the New Year, this group is scheduled to meet on Tuesdays at 2pm ET and Thursdays at 11am ET until the comment letter is completed. To...

On December 1, 2021, FINRA filed SR-FINRA-2021-030 with the SEC, “Notice of Filing of Proposed Rule Change to Amend FINRA Rule 6730 to Require Members to Append Modifiers to Delayed Treasury Spot and Portfolio Trades When Reporting to TRACE.” FIF has scheduled the next call for the TRACE Working Group for Tuesday December 21 at 11am ET to make any final edits to FIF’s comment letter on this filing.

As of January 1, 2022, the CAT Committee will be renamed as the CAT Monthly Update Working Group and the CAT Tech Specs Working Group will be renamed as the CAT Transaction Reporting Working Group. This is intended to provide a clearer description of the functions of these groups. The CAT Tech Specs Working Group will have a call today at 2pm ET, and the Wednesday CAT Tech Specs call for this week is cancelled. For this week only, the CAIS Working Group will have a call today at 11am ET, and the Wednesday and Friday CAIS calls are cancelled. All CAT and CAIS calls for next week are...

FIF Cybersecurity and Compliance Working Groups. Alaina R. Clark, Assistant Director for Stakeholder Engagement at the Cybersecurity and Infrastructure Security Agency (CISA), presented to a joint call of the FIF Cybersecurity and Compliance Working Groups on the role and functions of CISA. CISA is an agency of the Department of Homeland Security. FIF Front Office Committee. The FIF Front Office Committee met to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. Please find this month's agenda here. FIF TRACE Working Group. The FIF...

In the global FX marketplace, no firm is an island unto itself. In fact, that’s the very reason that trading firms are referred to as market participants – because every trading firm is a participant in the global marketplace. David Brown, IPC’s Chief Commercial Officer, explains how every market participant has a place in the greater market structure, which is itself an interdependent network. In this article, David Brown delves into topics such as: Connectivity for a fragmented market Accessing innovation in a changing marketplace Extranets in the time of Covid-19 A new...

HSBC and IBM have successfully tested an advanced token and digital wallet settlement capability encompassing direct transactions between two central bank digital currencies (CBDC) in a hybrid cloud environment. According to a story in The Trade news, the experiment, designed and implemented within a four-month period, was successfully executed across ledgers in support of such a complex multi-asset transactional scenario. Several previous initiatives have individually demonstrated support for CDBCs, securities and/or foreign exchange. The experiment successfully tested an end-to-end...

Northern Trust has enhanced the depth and range of alternative asset data it can provide to asset owner clients through a collaboration with Accelex, a data acquisition, analytics and reporting provider focused on the alternative investment space. According to a story in MarketsMedia news, the new capability for unstructured data complements other artificial intelligence-powered data extraction capabilities that Northern Trust has developed in house for its alternative asset servicing business and for clients of Northern Trust’s Front Office Solutions platform. Limited partners in private...

Intercontinental Exchange announced it has integrated ETF Data managed by RIMES into several of its products, including ICE ETF Hub, ICE Portfolio Analytics and ICE FI Select. This enhancement will allow customers to access digestible and comprehensive equity and fixed income ETF data across ICE’s suite of ETF workflows according to a story in MarketsMedia news. ICE remains committed to creating and improving efficiencies within the ETF environment and across the lifecycle of an ETF — from benchmarking, to the create-redeem process and ultimately to listing on the NYSE. Its...

Bloomberg and derivatives risk management services provider Acadia have integrated their respective initial margin capabilities to introduce new pre-trade calculations for users ahead of phase six of the Uncleared Margin Regulation in September next year. As part of the collaboration, Bloomberg’s optimization tool delivered via its Terminal, multi asset risk solutions (MARS) standard initial margin model (SIMM), has been integrated with Acadia’s initial margin exposure manager (IMEM) module for SIMM pre-trade analytics. The UMR regulation’s Phase 6 requires a broader selection of...