On October 28, 2019, FIF submitted a detailed comment letter to the SEC on FIF's response to the Commission's Proposed Amendments to the CAT NMS Plan.  FIF's comments focus upon remaining risks with respect to CAT implementation as well as our recommendations pursuant to the proposed amendments that FIF believes should facilitate the more efficient and timely CAT roll-out.

Please join us on Thursday, December 5, 2019 at Refinitiv (3 Times Square, NYC) for a panel discussion focusing on the Current State of the Consolidated Audit Trail and a networking reception. The panel will focus upon current and upcoming CAT deliverables, including:  Industry Member Testing, Phase 2a and Phase 2b CAT implementation, Phase 2c and Phase 2d Specificaton development and implementation, and the first phase of the CAT Customer Information Specification roll-out  FIF would like to thank Refinitiv for sponsoring this event. Registration will close on Monday, December...

  FIF CAT Committee -  FIF reviewed FINRA CAT's responses to the Industry Member Q&A session, focusing on the details around third-party extranet providers for CAT reporting, the proposed IMID construct, and the full IMID Conflict List. FIF reviewed the initial Phase 2c CAT Industry Member Tech Spec (V3.0) which featured only minimal changes. The group discussed the key dates of the Phase 2c tech spec review schedule, with the final review period ending on January 14, 2020. Industry members also discussed concern over the CAT Reporter Portal's App verification the CAT...

On October 28, 2019, FIF submitted a detailed comment letter to the SEC on FIF's response to the Commission's Proposed Amendments to the CAT NMS Plan.  FIF's comments focus upon remaining risks with respect to CAT implementation as well as our recommendations pursuant to the proposed amendments that FIF believes should facilitate the more efficient and timely CAT roll-out.

Please join us on Thursday, December 5, 2019 at Refinitiv (3 Times Square, NYC) for a panel discussion focusing on the Current State of the Consolidated Audit Trail and a networking reception. The panel will focus upon current and upcoming CAT deliverables, including:  Industry Member Testing, Phase 2a and Phase 2b CAT implementation, Phase 2c and Phase 2d Specificaton development and implementation, and the first phase of the CAT Customer Information Specification roll-out  FIF would like to thank Refinitiv for sponsoring this event. Registration will close on Monday, December...

As Best Execution practices have evolved from single transaction analysis surrounding price, to encompassing complex orders, Trading and Compliance professionals alike are seeking to extend their analysis through the use of TCA concepts. Our Transaction Cost Analysis (TCA) module provides an in-depth selection of benchmarks including: Volume Weighted Average Price (VWAP) Interval VWAP Implementation Shortfall (IS) Time Weighted Average Midpoint (TWAM) Open/Close Benchmarks Price Reversion Benchmarks Pre/Post Trade Analysis Complementary statistics also provide a perspective on...

  FIF/SIFMA/STA Options Subgroup – Complex Options Deep Dive - Reviewed several multi-leg options reporting models, with a focus on identifying gaps within the proposed reporting models.  FIF will   and updates to the multi-leg options industry recommendation deck.  FIF Data & Technology Committee - This meeting featured a spotlight presentation from IPC on the Current Status of the Availability of CAT Connectivity through 3rd Party Extranet Providers. The meeting also covered the monthly Market Data Capacity Reports, summarize exchange and SIP...

Cboe Global Markets has confirmed that its executive vice president and Cboe Europe president, Mark Hemsley, will retire from the company in February next year, according to a story in The Trade. The exchange operator announced that David Howson, chief operating officer at Cboe Europe since 2013, will succeed Hemsley as executive vice president of Cboe Global Markets and president of Cboe Europe as of January 2020. Hemsley was a founding employee of Bats Europe in 2008 and played a strategic role in the acquisition and integration of Chi-X Europe in 2011. Bats was then acquired by Cboe...

Artificial intelligence is finding a new home throughout UBS far beyond just developing quantitative trading strategies MarketsMedia reports. “Its applicability depends on the desired use, end objective, and problem it is trying to address,” Beatriz Martín Jiménez, investment bank COO and UK CEO at UBS, said. “At UBS, we extensively use AI across the entire operating cycle.” Advances in technologies, such as machine learning, have made it possible for the bank to reimagine services and process delivery in a holistic fashion, she added. UBS has been...