Citadel Securities is not just about high speed equities market making, it does medium frequency trades too. These include structured product trades, which the firm is pushing into in Asia. Citadel Securities' latest recruit for this business is Clement Florentin, the former head of equity EMEA structuring and head of QIS structuring for APAC at Nomura. Florentin is joining Citadel Securities as head of structured solutions based in Hong Kong. He will arrive there in May. (Credit: Forefront news)

FIF is excited to announce our first quarterly event of 2026, sponsored by OTC Markets. After opening remarks from 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. The event will take place on Tuesday March 24th at OTC Markets' offices at 300 Vesey Street, New York, NY 10282. Registration in the lobby begins at 4pm ET, the speaking...

On February 18, FIF submitted a letter to FINRA relating to the planned expansion of the TRF hours of operation. FIF would like to thank the members of the TRF/ORF Working Group for their contributions in the drafting of this letter.

On February 19, FIF submitted a letter to the SEC relating to the dissemination of fractional share amounts by the SIPs and the obligations of broker-dealers under the vendor display rule. FIF would like to thank the members of the TRF/ORF Working Group for their contributions in the drafting of this letter.

A FIF member would like to discuss issues relating to Form 13F reporting. If you are interested in this topic, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in this discussion.

The Rule 605 Working Group will have its next call on Monday February 23 at 2 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.

The Front Office Committee will have its next call on Tuesday February 24 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

The Data & Technology Committee will have its next call on Wednesday February 25 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Joe Gostomski of SIAC, who will provide an update on OPRA Dynamic Rebalancing.

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday February 25 at 2 pm ET. The Working Groups will continue their discussion of proposals to reduce CAT operating costs. The Working Groups will also discuss CAT changes required to address the expansion of exchange trading hours.