JPMorgan has created a new company to tackle cross-border payments using blockchain technology with Singapore state-backed fund Temasek and DBS. The new company, Partior, was developed through a program with the Monetary Authority of Singapore, according to a story in The Wall Street Journal. The initiative was born out of the investment bank’s blockchain unit Onyx under Project Ubin. JPMorgan said the venture could be used to assist central bank digital currency pilots. The bank will use Partior to develop a blockchain-based, open industry platform for digital clearing and settlement...

Cboe Europe announced it plans to launch Cboe Europe Derivatives, a new Amsterdam-based futures and options market, on Monday, September 6, 2021, subject to regulatory approvals. Cboe has secured the support of a broad range of participants, including banks, clearing firms, market-makers and proprietary trading firms who are expected to help contribute to the provision of liquidity and client order flow on Cboe Europe Derivatives. The exchange plans to leverage Cboe’s global derivatives expertise and European equity trading and clearing footprint to bring a modern, on-screen market...

Intercontinental Exchange (ICE) has confirmed plans to launch an ultra-low latency wireless market data offering in the London metro area and Frankfurt through ICE Global Network (IGN). The wireless market data service will enable clients to access both cash and derivatives packages in the London triangle from ICE Futures, Euronext, Cboe Europe and London Stock Exchange, as well as Eurex and Xetra from Frankfurt. According to a story in The Trade news, the wireless network will allow clients to leverage the benefits of a highly optimized wireless service to help improve their trading...

Join Jordan & Jordan in partnership with FIF and RIXML for a SPAC webinar to discuss the growth of SPACs, structure/process, and much more. The webinar will take place on 4/28 at 1pm est. The panel for the webinar will include Kristi Marvin of SPACInsider, Douglas Ellenoff of Ellenoff Grossman & Schole LLP, Amanda Hindlian of NYSE and Tom Jordan of Jordan & Jordan. For more information on how to register visit here.

The next meeting of the FIF Reg SHO Working Group will be held on April 29 at 10 am (ET). The Working Group will discuss specific Reg SHO issues and questions raised by FIF members relating to order marking, locate and close-out requirements raised by FIF members.

The next meeting of the FIF Rule 606 Working Group will be held on May 4 at 2 pm (ET). The Working Group meeting will update members on a recent discussion with the SEC staff relating to the Rule 606 de minimis exceptions and discuss issues and questions raised by FIF members relating to identification of the account level in a RIA scenario, aggregated customer orders and options look-through.

Front Office Committee. On April 27, Ari Burstein of Capital Market Strategies will discuss the CAT Operating Committee’s revised funding proposal. Tax Information Reporting Working Group. On April 29, Stevie Conlon and colleagues at Wolters Kluwer will present Part 2 of their Spotlight on Virtual Currency.

FIF currently has three separate active CAT groups: CAT Committee; CAT Tech Specs Working Group; and CAT CAIS Working Group. Going forward, the CAT Committee, which is focused on high-level CAT developments, will meet the 1st Thursday of every month at 2 pm (ET). The CAT Tech Specs Working Group, which provides for a detailed discussion of issues relating to CAT transaction reporting, will continue to meet every Monday and Wednesday at 2 pm (ET) and will meet on Thursday at 2 pm (ET) as necessary. The CAT CAIS Working Group, which provides for a detailed discussion of issues relating to...

FIF CAT Committee and Tech Specs Working Group. The FIF Working Group discussed issues and questions from FIF members relating to reporting of commission adjustments that change the allocationID, accountHolderType for IDQS quoting, repairing or correcting Phase 2a/2b submissions after the Phase 2c live date, and reporting the solicitationFlag for multiple IMIDs within the same legal entity. The Working Group discussed the recent FINRA update relating to OATS retirement. The CAT Committee discussed the CAT Operating Committee’s revised funding proposal, issues relating to the CAT Phase 2c...