London Stock Exchange Group is migrating Refinitiv’s foreign exchange platforms to the technology that powers its stock exchange, bringing their currency trading capabilities into line with the speed and capacity available in modern equity markets. The re-platforming of the Matching and FXall venues onto LSEG’s Millennium technology is expected to be completed over the next two years. According to a story in Risk.net news, the company says the migration will boost order processing and quoting speeds.

Northern Trust Asset Management introduced the Northern Trust ESG Vector ScoreTM, a measurement that assesses publicly traded companies in the context of financially relevant environmental, social and governance (ESG) related criteria that could impact their operating performance. It can be used in constructing and managing investment portfolios and stewardship activities. The ESG Vector Score focuses on the magnitude and direction of key ESG related business issues likely to have a financial impact on companies and hence a portfolio’s performance. It provides a consistent, transparent...

Bloomberg has added the pre-trade analytics tool by ING’s Katana to its App Portal to improve insights for bond market dealers and asset managers according to a story in MarketsMedia news. Users of the Bloomberg Terminal can access the app and identify relative value opportunities generated by Katana’s proprietary machine learning technology. Katana screens around 200 million bond pairs to find spread difference anomalies, expanding the insights available to those trading in the USD IG, emerging markets corporates and sovereigns, EUR IG, EUR sovereigns...

In partnership with Fintech firm Sharegain, Citi has launched an automated securities lending solution for the wealth management firms to whom it provides custody services. Led by partnership between Citi Ventures and Citi’s Agency Securities Lending (ASL) business in Asia Pacific, the solution enables global wealth management firms to deliver a securities lending program to their customers without having to develop an internal program from scratch. While securities lending provides holders of securities the opportunity to earn additional revenue on their stocks, bonds and ETFs, it is...

Abel Noser Holdings, LLC, a leading provider of multi-asset class trade analytics and agency-only brokerage services, announced that it is acquiring Trade Informatics LLC, a New York based firm offering equities trade cost analysis (TCA), customized solutions, and its START systematic execution platform. The acquisition is subject to customary regulatory approval which is expected sometime in the second quarter of 2021. With this acquisition, Abel Noser continues to strengthen its position as a market leader in providing innovative analytic and execution solutions to the...

On April 29, FIF submitted a comment letter to the Securities and Exchange Commission to request that the CAT Operating Committee provide additional information to industry members to assist industry members in evaluating the CAT revised funding model proposal. In response, on March 5, the CAT Operating Committee filed a comment letter with the SEC providing additional information to assist industry members in evaluating the revised funding model proposal.

On May 6, a FIF sub-group participated on a call with FINRA CAT to discuss requested relief for industry members from reporting Quote events that are separately reported by an IDQS. The sub-group also requested interpretive guidance relating to the reporting of the unsolicited indicator for Quote events and the reporting of the unpriced side of a Quote. If you are interested in participating in this discussion, 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 the sub-group.

FIF Members have identified a challenge with a recent set of FAQs issued by FINRA (100.8; 313.1-313.4) that impact TRF reporting for Net Asset Value (NAV) trades. If the NAV for an ETF is determined in the evening and the TRF report is submitted the following morning with a T+1 trade date, this presents certain challenges for the institutional customer. FIF has created a sub-group to discuss this issue. If you are interested in participating in this discussion, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we...

FIF CAT Tech Specs Working Group and CAT Committee. The CAT Tech Specs Working Group discussed issues and questions from FIF members relating to the following: the scenario where the only CAT-reportable change is the routedOrderID; challenges with reporting the pairedOrderID for the manual route of option orders to floor brokers; and customer accommodation scenarios for options. The Working Group reviewed a proposal to FINRA CAT relating to customer accommodation scenarios. FIF submitted this proposal to FINRA CAT. The FIF CAT Committee reviewed the comment letter filed by the CAT...