The next call for the Digital Asset Securities Working Group will be on Tuesday March 3 at 2 pm ET. The Working Group will discuss issues and questions from FIF members relating to the DTCC Tokenization Services and the SEC no-action letter to DTC. If you would like to participate in this discussion and are not a member of this Working Group, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..
SIP Odd Lots
FIF has scheduled a call for the Data and Technology Committee for Wednesday March 4 at 11 am ET to continue the discussion of the upcoming dissemination of odd lot quotes by the SIPs, which is scheduled for production on April 27, 2026.
24x7 Trading Working Group
The 24x7 Trading Working Group will have its next call on Thursday March 5 at 11 am ET. The Working Group will continue its discussion of issues raised by FIF members relating to the planned expansion of exchange trading hours.
Working Group Updates 2/23/2026
TRF Fractional Shares. FIF hosted two calls this past week for the TRF/ORF Working Group focused on the dissemination of fractional shares by the SIPs. During the first call, the Working Group discussed the survey responses from Working Group members relating to the dissemination of fractional shares on the SIPs and the vendor display rule. During the second call, the Working Group discussed a draft FIF letter to the SEC presenting the results of this survey.
SIP Odd Lots. FIF hosted a call for the Data and Technology Committee to continue the discussion of the upcoming dissemination of...
LeveL Markets Integrates with EDX Markets to Expand Institutional Access to Digital Assets
LeveL Markets, a U.S. registered broker-dealer and the operator of the LeveL ATS, announced a strategic partnership with EDX Markets, a leading digital asset firm that combines an institutional-only trading venue with a central clearinghouse, to drive broader institutional participation in digital assets. The partnership will connect LeveL Markets’ institutional trading solutions with EDX Markets’ digital asset trading and clearing ecosystem, enabling institutional participants to trade digital assets through secure and efficient market infrastructure.
LSEG, Bank of America Partner for Data, Analytics & AI
According to Markets Media, LSEG and Bank of America announced a multi year strategic partnership that will make LSEG’s data, analytics and workflow capabilities available across Bank of America’s platforms. The collaboration enhances Bank of America’s client proposition by making it easier and faster for clients to access trusted data, analyse markets more quickly, and uncover insights that support more confident decision making. The partnership will empower clients to uncover deeper insights and act on trusted, actionable intelligence. Under the agreement, LSEG’s data and analytics...
Nasdaq Dubai Posts Record Year
Nasdaq Dubai attracted a record number of Sukuk listings in 2025, supported by sustained issuance activity from regional and international issuers and continued global investor demand for Sharia-compliant debt instruments, according to Markets Media. By the end of 2025, the total value of outstanding debt securities listed across Dubai Financial Market (DFM) and Nasdaq Dubai reached USD 150.9 billion, with Nasdaq Dubai accounting for USD 146.1 billion of the total. The exchange’s Sukuk market has expanded significantly over the past decade, with the value of outstanding listings increasing...
Fintech Grandee Charlotte Crosswell Joins London Stock Exchange Board
According to the Financial News, the London Stock Exchange has tapped Charlotte Crosswell for a role on its board, bolstering the bourse’s fintech credentials. Crosswell has joined the LSE, a subsidiary of the wider London Stock Exchange Group, as a non-executive director, a company spokesperson confirmed. She returns to the exchange more than two decades after having worked there as head of international business development, and just over nine years since she served as a board director for LCH, LSEG’s clearing house.
FIF Quarterly Event Sponsored by OTC Markets
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...