Quantitative trading firm Jane Street has become the latest financial institution to join the growing decentralized finance (DeFi) data network Pyth Network according to a story in The TRADE news. The market maker will initially contribute real-time crypto market data to the network with plans to expand into equities and other products later in the year. The Pyth Network is aimed at “rewiring” current financial infrastructure by creating a more democratized approach to data in the market. It is built on a Solana blockchain and is capable of handling 50,000 transactions per second.

State Street Corporation, one of the world’s leading providers of financial services to institutional investors, is to establish a new specialist 400-strong team in Ireland to provide technology infrastructure and cybersecurity services to support group operations globally. State Street celebrates 25 years in Ireland and 20 years in Kilkenny this year and currently employs approximately 2,000 staff in Ireland across Dublin, Drogheda, Naas and Kilkenny. According to a story in MarketsMedia news, Ireland has been selected in large part due to the availability of relevant and skilled...

ICE has set out plans to expand its MSCI index futures offering with the launch of micro MSCI USA and Europe index futures on its Singapore-based exchange in October. The proposed launch on ICE Futures Singapore builds on the existing partnership between MSCI and ICE which was recently extended to support their expansion into the Asia Pacific region. The new contracts are denominated in US dollars and will give investors in Asia access to the US and European equities markets through a single platform. ICE added that their micro size allows for more precise risk management and granular...

IHS Markit and CME Group have launched a post-trade services company after collaborating on the joint venture earlier this year. Known as OSTTRA, the new company combines CME’s optimization businesses including Traiana, TriOptima, and Reset and IHS Markit’s derivatives reporting service, MarkitSERV, to offer post-trade service to OTC markets. According to a story in The TRADE news, IHS Markit paid the derivatives exchange a $113 million equalization payment to purchase 50% of the newly launched entity. Further terms were not disclosed. CME and IHS Markit said OSTTRA will give users improved...

You may reach FIF at its new phone number: 1-914-200-3032. Emailing This email address is being protected from spambots. You need JavaScript enabled to view it. is still preferred, but the option is now available again.

On August 10, 2021, FIF sent a survey to FIF members on Rule 605 for options. This is an opportunity for FIF members to provide input to the SEC before the SEC issues a rule proposal in this area. FIF requests that members provide their survey responses by September 13, 2021. Earlier responses also are welcome. All responses are anonymized.

After a series of Working Group discussions, FIF has requested calls with the SEC Division of Trading and Markets personnel and the SEC Commissioners and their advisers to discuss look-through for Rule 606 reporting of options routing. FIF expects that these calls will be held during September and October.

On August 12, 2021, FIF sent out a survey request to get feedback from FIF member firms on what they consider to be the most important open issues relating to CAT CAIS. The purpose for this survey is to assist the Working Group to identify the key open issues on CAIS and discuss any next steps for following-up with the regulators on these issues. All responses are anonymized. The FIF Cat CAIS Working Group has reviewed the responses received to date. FIF encourages members to continue to submit responses to this survey, as the Working Group will continue to review responses as they are...

On August 27, 2021, FIF members participated on a call with FINRA CAT and the SROs to discuss the reporting of the registeredRepCRD and branchOfficeCRD fields for CAIS. As a follow-up, FIF has sent a survey to members of the CAIS Working Group requesting feedback on the different group coverage models that firms implement, what activities are permitted and not permitted for group coverage personnel, and what is the work that would be required for firms to collect and report the CRDs for all registered reps assigned to accounts. This will be discussed further on the FIF CAIS Working Group...