FIF CAT Tech Spec Working Group/CAT Committee: The Working Group and Committee reviewed the Monthly CAT Implementation Update, TRF linkage error issues, guidelines for reporting routes to NYSE floor brokers, discussed reporting for paired orders, reviewed the FINRA CAT Industry Member Technical Specification call and the Phase 2c Industry Webinar, and discussed various Phase 2c requirements. FIF CAT CAIS Working Group: The FIF CAT CAIS Working Group reviewed the CAIS LTID timeline, reviewed recent FAQs relating to CAIS published by FINRA CAT, reviewed the FDID reconciliation...

On September 22, 2020, FIF submitted a comment letter to the SEC in response to a rule filing by FINRA relating to the retirement of OATS. FIF would like to thank the FIF members who participated in the discussions relating to the FINRA rule filing and provided the input that was incorporated in the comment letter. The FIF and other comment letters on this rule filing  will be posted shortly on the SEC website: https://www.sec.gov/rules/sro/finra.htm.

FINRA CAT is in the process of soliciting industry member feedback on behalf of its CCO in support of the Plan Processor’s required annual review of the CAT clock synch and time increment reporting requirements. FIF has prepared a survey for members to complete. FIF requests that members please return completed responses to This email address is being protected from spambots. You need JavaScript enabled to view it. by Friday October 2. All responses to FINRA CAT will be anonymized.

Intercontinental Exchange, Inc. announced that Citi has joined the ICE ETF Hub as an authorized participant. Citi was a founding member of the ICE ETF Hub advisory committee, providing early feedback on the design of the platform. ICE ETF Hub is an industry-wide, open architecture, technology solution, offering a more standardized and simplified process for the creation and redemption of ETF shares. It currently supports both US-listed domestic equity and fixed income ETFs. ICE ETF Hub recently launched new automated functionality allowing ETF primary market participants to negotiate and...

Goldman Sachs recently began a collaboration with Volante Technologies, a leader in cloud payments and financial messaging, to provide the payments technology underpinning the bank’s recently launched digital transaction banking service built entirely from scratch in the cloud. According to a story in MarketsMedia, Volante has also become a client of the platform. The Goldman Sachs Transaction Banking Platform is designed to be easy for the bank’s corporate clients to use and for partners to connect to. The platform is API-enabled and incorporates analytics, liquidity...

State Street has named a new CEO of Charles River as part of a series of leadership changes for its front-to-back platform, Alpha, aimed at boosting its software and outsourcing capabilities. According to a story in The Trade news, Spiros Giannaros has been named CEO of Charles River Development, the Boston-based bank’s front-office software provider. Giannaros previously ran State Street’s platform strategy, where he was responsible for coordinating the bank’s product offering, its front-to-back platform development and the data that manages it.

Nasdaq has launched a new data feed for Canadian listed equities, Nasdaq Basic Canada, on Refinitiv’s Eikon platform. The data feed will offer investors access to real-time quote and trade data, combining Nasdaq CXC, CX2, and CXD trading books for all TSX, TSX Venture, and CSE listed securities.

FIF CAT Tech Spec Working Group/CAT Committee: The Working Group and Committee discussed exchange and TRF linkage issues, reported on the Exchange Route Matching Industry Webinar hosted by FINRA CAT, discussed various allocation issues raised by FIF members, and reviewed FINRA CAT’s change to remove leading zeros and spaces from the routedOrderID and session fields for linkage purposes only. FIF CAT CAIS Working Group: The FIF CAT CAIS Working Group held its third call. The Working Group reviewed recent FAQs and Technical Specification updates published by FINRA CAT and...

FINRA CAT is in the process of soliciting industry member feedback on behalf of its CCO in support of the Plan Processor’s required annual review of the CAT clock synch and time increment reporting requirements. FIF has prepared a survey for members to complete. FIF requests that members please return completed responses to This email address is being protected from spambots. You need JavaScript enabled to view it. by Friday, October 2. All responses to FINRA CAT will be anonymized.