Please join us for part four of our webinar series on the implementation considerations of the SEC Market Data Infrastructure Rule. The fourth webinar of the series will take place tomorrow, March 9th at 3pm ET. This webinar will focus on competing consolidators. The panel will include Scott Parsons of Exegy, Kerry Baker Relf of Refinitiv, Patrick Flannery of MayStreet and Frank Piasecki of ACTIV Financial. The panel discussion will be moderated by Tom Jordan, FIF Advisory Chair. If your firm is a non-member or blocks Zoom, please email the Program Office at This email...

Cybersecurity and Emerging Technology Working Groups. On March 23, Josh Burns of CitiHub will present on Secrets Management in the Financial Industry Using a Hashicorp Vault Implementation. Tax Information Reporting Working Group. On March 25, Stevie Conlon and colleagues at Wolters Kluwer will present Part 2 of their Spotlight on Virtual Currency. Data and Technology Committee. On March 31, Brian Faughnan of SIAC will present on Pillar migration updates.

At the request of FIF Members, FIF has created a Working Group to focus on interpretive and operational questions relating to Regulation SHO and potential areas where FIF Members might want to seek interpretive guidance. In order to join this group, update your working group subscriptions in your profile here: https://fif.com/index.php/profile. If you're having trouble, or forgot your password, email This email address is being protected from spambots. You need JavaScript enabled to view it. for assistance. The first meeting of this Working Group is scheduled for March 18 at...

  New York-based market data cost and inventory management software vendor TRG Screen has acquired the Market Data Reporting (MDR) data compliance and reporting tool—plus its clients and associated staff members—from data and management consultancy Jordan & Jordan for an undisclosed sum. The deal closed in mid-February. A handful of J&J staff have already begun working directly for TRG, and the vendors’ technical staff are already working on integrating MDR with TRG’s existing Axon Declaration.

During October 2018, FIF Members presented recommendations to the SEC staff for the modernization of Rule 605. These recommendations, which were developed through the FIF Rule 605 Working Group, were focused on updating Rule 605 to reflect market changes since the adoption of Rule 605 in 2000. At the request of FIF Members, on February 25, FIF held a meeting for the FIF Rule 605 Working Group to discuss reviewing and updating these recommendations. The Working Group reviewed the proposals from October 2018 and agreed to proceed with updating the recommendations to present to the...

FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed new and updated FAQs from FINRA CAT relating to RFQs, the cancelFlag field in MEOT events and reporting a MEPA before the DVPCustodianID is known. The Working Group reviewed and discussed FIF member comments and questions for FINRA CAT relating to DVPCustodianID, Multi-Leg Order events in the Phase 2d Technical Specifications, multi-class spread orders, partial Multi-Leg cancels, cancelQty and leavesQty, RFQID, Route Supplement events, index options with synthetic equity legs, automatic investment programs, OATS...

The artificial intelligence (AI) powered corporate bond trading platform from Broadridge, LTX, has secured a patent for its AI digital trading protocol technology according to a story in The Trade news. Named RFX, the digital proprietary trading protocol is designed to improve liquidity, efficiency, and execution offered by broker-dealers to their buy-side clients while also minimizing information leakage. The newly patented technology also helps traders meet best execution requirements by allowing broker-dealers to identify and aggregate liquidity across natural buyers...

Intercontinental Exchange announced that ICE Benchmark Administration Limited (“IBA”) has launched an initial, ‘beta’ version of ICE SONIA Indexes for information and testing purposes. IBA has also published a methodology paper introducing the Indexes according to a story in MarketsMedia news. The ICE SONIA Indexes provide a daily value that represents accrued compound SONIA interest relative to the first day value of 100 on April 23, 2018, the date when the Bank of England took over responsibility for SONIA. The ICE SONIA Indexes offer additional optionality to add a...

Goldman Sachs Group Inc has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients according to a story in Reuters news. The team will sit within the U.S. bank’s Global Markets division. The desk is part of Goldman’s activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies. As part of this work, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital...