FlexTrade Systems, a leader in multi-asset execution and order management systems, announced that Equiti, a fintech firm and provider of online trading technology and multi-asset financial products, has chosen FlexTrade Systems’ MaxxTrader Foreign Exchange Platform Solution for their Prime of Prime Services Offering. According to a story in Finextra news, MaxxTrader will enable Equiti to provide their prime of prime customers with seamless global FX liquidity aggregation, trade execution management, and institutional trading capabilities.

Charles River Development, the State Street owned order and investment management system (O/IMS), is collaborating with Cosaic, to use the latter’s Finsemble platform to streamline integration of third-party applications into the Charles River IMS. Finsemble helps asset managers to connect their applications together, including modern or legacy, in-house or third-party tools, by providing investment professionals with access to data from Charles River IMS. Built on the Financial Desktop Connectivity and Collaboration Consortium (FDC3) protocol, Finsemble standardizes how applications...

FIF has an upcoming meeting with the SEC to discuss Rule 605 for options. FIF has an upcoming meeting with FINRA CAT to discuss open issues on CAT CAIS reporting. FIF has an upcoming meeting with the SEC to discuss interpretive guidance requested by FIF Members relating to various Rule 606 reporting issues, including options look-through. 

IHS Markit and TS Imagine have partnered to combine evaluated bond pricing data with the order and execution management system (OEMS) TradeSmart platform. According to a story in The TRADE news, the newly combined solution aims to provide mutual users with real time insights into the global bond market with automated trading workflows and pre-trade data. The buy-side firm is also using TS Imagine’s transaction cost analysis solution to validate a new pricing engine.

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed additional guidance received from FINRA relating to OATS reporting for trades that occur after 4 pm on August 31. The Working Group discussed draft comments and questions for FINRA CAT relating to the cancelFlag for the MOOT event, repairing or correcting Phase 2c events after the Phase 2d live date, partial cancels, and reporting for the equity side of a bond swap negotiated through a broker’s broker. The Working Group discussed issues and questions from FIF Members relating to the reporting of minQty and paired...

The London Stock Exchange Group’s Refinitiv has expanded its electronic FX trading platform in Indonesia in a bid to accelerate the development of the emerging market. According to a story in The TRADE news, Refinitiv Matching is the first interbank electronic marketplace for trading in Indonesia’s Rupiah to launch in the region. The central limit order book offers real time credit screening, price discovery, liquidity and execution for foreign exchange traders. Refinitiv said the Indonesian version of the platform includes new features to adapt to emerging markets clients and demand...

On July 8 at 4 pm ET, FIF will host a webinar on the SEC’s market access rule (Rule 15c3-5). This webinar will focus on the rule's practical aspects, setting credit limits, the handling of market orders, the process for overriding limits, challenges of meme stocks, the annual CEO certification, enforcement trends, and more. The panel will include Jim Dolan of Luminex, Lillian Tan of Cantor Fitzgerald, and Wayne Aaron of Vedder Price. The panel discussion will be moderated by Tom Jordan, FIF Advisory Chair. Please register here.

The Reg SHO Working Group will meet on July 8 at 2 pm ET to discuss a comment letter on FINRA Regulatory Notice 21-19 relating to “Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting”.

Today at 2 pm ET, FIF will host a sub-group call on CAT reporting for options error scenarios. Please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. if you would like to participate on this sub-group call.