UBS has partnered with FlexTrade to integrate the trading technology provider’s order management system into its outsourced trading desk. According to a story in The TRADE news, FlexTrade’s open technology stack will be integrated with the global UBS Execution Hub’s own proprietary automation technology through the partnership to provide an improved execution service by routing orders to liquidity providers. The Swiss bank confirmed in May that it would launch a new outsourced cross-asset execution hub aimed at cutting costs and taking the pressure off of hedge funds and asset managers in...

Virtu has rolled out several changes to its US block trading venue POSIT and confirmed the alternative trading system (ATS) will undergo a technological rebuild this year. According to a story in The TRADE news, the changes to Virtu’s US POSIT platform include the introduction of new matching rules changes such as price/size/time order priority, and price improvement being given to the liquidity provider. Segmentation rules have also been added to the system that will segment subscribers into three categories, neutral, move towards and move away, using a ‘markout’ methodology that uses long...

Intercontinental Exchange, Inc. announced that ICE Bonds has integrated with Perform, Investortools’ fixed income portfolio platform. Perform offers end-to-end portfolio management including trade allocation, compliance, trade messaging and performance attribution to global institutional and private wealth managers. According to a story in MarketsMedia news, Perform customers will have access to ICE Bond’s trading protocols, including click-to-trade, portfolio trading and request for quote, as well as access to deep liquidity pools for Municipals, Corporates, Treasuries, Agencies and...

Vanguard Group is buying JustInvest LLC, a smaller investing upstart that helps financial advisers build personalized portfolios. According to a story in The Wall Street Journal, the deal marks the first ever corporate acquisition by the world’s second-largest asset manager since Vanguard’s start in the 1970s. It brings together companies with radically different businesses: Investment giant Vanguard is best known for funds that track indexes. JustInvest provides tools for investors and advisers to build bespoke portfolios. The purchase gives Vanguard another way to deepen ties with...

On July 8, the FIF Reg SHO Working Group held its first call to discuss a comment letter on FINRA Regulatory Notice 21-19, “Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting”. Certain aspects of the proposals in the Regulatory Notice would significantly expand the current short interest reporting requirements. The next meeting to discuss the comment letter will be held on Tuesday July 13 at 2 pm (ET). All members of the FIF Reg SHO Working Group are included on the invite. To join the Reg SHO Working Group, update your profile, or contact This...

Last week on July 8th, FIF hosted an engaging webinar on the SEC’s market access rule (Rule 15c3-5). FIF has received many positive reviews on the webinar and we would like to thank Wayne Aaron, Lillian Tan and Jim Dolan for their participation in the panel discussion. If your firm is a FIF Member and would like a copy of the presentation or webinar recording, please email us at This email address is being protected from spambots. You need JavaScript enabled to view it.. 

StoneX Markets LLC, rolled out significant enhancements to its self-service OTC Platforms for commodities trading earlier this year. These enhancements, coupled with its integration into the StoneX Group ecosystem, provides a single, digitized offering from which to fully access, manage and execute futures and options trading offered through the affiliated FCM, StoneX Financial Inc., as well as access to OTC markets offered through StoneX Markets LLC as a counterparty. Through one digitized platform, clients can now receive market intelligence, risk measurement, scenario analysis and market...

Investment bank China Renaissance has expanded its post-trade processing partnership with Broadridge Financial Solutions via Stock Connect to facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities according to a story in The TRADE news. The expansion builds on the solutions China Renaissance has offered clients in equity trading via Stock Connect, with Broadridge’s post-trade solution implemented in March last year. Additionally, the expansion follows the Hong Kong-listed equities processing that Broadridge has provided to China Renaissance since 2016. Both...

An FIF Member has raised a question about how to report capacity on a Rule 10b-10 confirmation when a firm routes orders to an ATS and the orders can only execute against orders routed from other desks at the same routing firm. If you would like to participate in a sub-group discussion on this topic, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..