On June 24, FIF participated on a call with the SROs and FINRA CAT to discuss an extension of the date for reporting tidType in CAT Allocation events.

Front Office Committee. Chris Bok of OTC Markets presented on the upcoming implementation of the amendments to SEC Rule 15c2-11 (“Publication or submission of quotations without specified information”). Find the full agenda here. Rule 605 Working Group. The Working Group discussed a request from the SEC staff for FIF members to provide feedback on a Rule 605-like execution quality report for options that the SEC is considering. Rule 606 Working Group. The Rule 606 Working Group discussed final comments to an FIF letter requesting additional interpretive guidance relating to SEC Rule...

RIXML.org, the leading industry association focused on improving the process of electronic research distribution and capturing investment interaction details, is pleased to announce that Deirdre Goldenbogen will transition to Executive Director, succeeding Jim Ulrich, who is leaving at the end of June to pursue a career in the public service sector. Read More

Exegy Inc., a global leader in low-latency market data and execution solutions, predictive trading signals and hardware-acceleration technology, announced that it now provides Signum predictive trading signals to CloudQuant and its clients. Liquidity Lamp Summary—a daily summary of iceberg (reserve) order trading activity on US equity markets—is the first signal in the Signum portfolio that is now available on the CloudQuant platform. The Signum portfolio of real-time signals includes Liquidity Lamp, which detects and tracks reserve orders on US stock exchanges. Liquidity Lamp Summary...

Bloomberg and MSCI have launched the Bloomberg Barclays MSCI Emerging Markets ESG Index Suite which includes ten Environmental, Social and Governance (ESG) indices. These benchmarks incorporate ESG and SRI considerations in underlying hard and local currency emerging market fixed income indices.

Investment bank Citi has combined its electronic and portfolio trading teams in the US as it looks to centralize its risk taking across global spread products, according to a story in The Trade news. Known as GSP Quantitative Trading, the new unit will merge the beta, electronic, automated trading (BEAT) business with portfolio trading, focusing on market making and risk taking in algo trading, ETF create-redeem, fixed income ETF trading and portfolio trades in spread products. GSP Quantitative Trading will be co-headed by Peter Chalif, co-head of global BEAT trading, and Derek Hafer,...

Babelfish Analytics provides analysis and consulting services to money managers, investors, brokers and trading venues in the equities space. Its product offerings include ClarityReveal, a tool for multi-broker routing and venue analysis, and ClarityAbsolute, a full-service TCA module. The firm uses nanosecond tick data in its routing analyses and product offerings to enable a variety of advanced queries. Babelfish selected Maystreet as a provider capable of delivering this data in a fast, clean, user-friendly format.

State Street Corporation announced it will implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and delivering important information to clients sooner. Canoe’s open application programming interface (API) will integrate with State Street’s technology...

S3 Partners now offers a Squeeze Risk Score to all Bloomberg Terminal subscribers. The predictive analytics tool allows clients to determine whether stocks are at risk of a potential short squeeze and will help risk managers to identify and incorporate new risk factors into their investment processes. S3 Squeeze’s short squeeze risk score folds additional risk factors and insights into short sale risks associated with individual securities, providing a straightforward proxy for the daily, weekly and monthly aggregate trading losses and profits in short positions for listed companies....