After a well-attended spotlight presentation on the subject on 12/21, FIF will be reconvening for a follow-up call on Executive Order 13959, which prohibits certain transactions in securities issued by firms that the US Government has labeled "Communist Chinese Military Companies". The Executive Order also applies to their subsidiaries. We will be joined again by Robert Dura and Satish Kini from the Debevoise & Plimpton law firm. The spotlight call will focus on recently released FAQs and next steps.

No working group meetings occured on the week of 12/28

Trading technology provider Itiviti has said it plans to hire hundreds of new employees to support its continued expansion into the foreign exchange and fixed income global markets, according to a story in The Trade news. The firm said it would be hiring at least 200 new employees across its research and development, quality assurance, and client servicing divisions to “keep pace” with its expansion plans. The majority of the new staff will be joining the company in its St Petersburg, Cluj, and Mumbai offices, said Itiviti. The trading technology provider confirmed it would be...

Intercontinental Exchange, Inc. announced that Jaime L. Klima has been named Chief Regulatory Officer of NYSE Group, where she will oversee the work of its independent regulatory unit, NYSE Regulation. Klima will join the NYSE from the Commodity Futures Trading Commission (CFTC), where she is Chief of Staff and Chief Operating Officer. In this executive position, she manages the agency’s daily operations, overseeing a staff of approximately 1,000, and serves as the CFTC Chairman’s lead advisor. Earlier in her career, Klima had senior roles at the Securities and Exchange Commission,...

FIF is pleased to announce that Pragma LLC has joined the FIF Community!

FIF Back Office Committee On Tuesday, January 19th at 11am ET, Steven Prosperi from DTCC will present on Project Whitney. DTCC’s proposals are contained in two case studies that advance the organization’s efforts to evaluate new ways to enhance post-trade processes through the digitalization of assets. The case studies – Project Ion and Project Whitney - are the latest efforts by DTCC to examine the potential use of DLT, asset digitalization and other emerging technologies. Project Ion, which we've previously covered on the December Back Office...

Refinitiv announced that MSCI ESG Research reports are now available to Buyside users by request on the Refinitiv Eikon and Workspace platforms—including mobile access. MSCI ESG Research provides institutional investors with an ESG integration tool to help them mitigate risk and enhance long term value creation. Refinitiv customers can now utilize the MSCI ESG Ratings and research reports through the Refinitiv Eikon and Workspace platforms, along with Refinitiv proprietary ESG Data to help investors identify environmental, social and governance (ESG) risks...

Miami International Holdings (MIH), the parent holding company of MIAX, and the Bermuda Stock Exchange (BSX) announced that MIH has acquired 100% ownership of the BSX. MIH previously announced the acquisition of a majority interest in the exchange in November 2019. The BSX will continue its operations as a wholly owned subsidiary of MIH. This acquisition aligns directly with MIH's corporate strategy, allowing the company to expand its technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in...

Interactive Brokers Group announced that it has established an entity in Ireland to fuel the regional growth. The broker created the new office to serve as a base for the Western European region in response to Brexit. According to the official press release, the firm received permission from the Central Bank of Ireland for the new entity Interactive Brokers Ireland Limited. Additionally, the company outlined plans to increase its workforce substantially in 2021 to accommodate the growth in the company’s European business. The company has a total of 11 entities worldwide including the...