IHS Markit has implemented advanced analytics and machine learning technology to double the number of companies covered in its dividend forecasting tool. The expansion means that 28,000 stocks are now covered in more than 90 markets globally, providing up to five years of dividend forecast data in each stock. The tool processes a range of inputs and proxies such as company guidance, historical patterns, industry and peer group trends, and consensus forecasts. The new model to expand coverage of the tool was developed with IHS Markit’s data science team, using machine learning...

Goldman Sachs has teamed up with Clearwater to integrate analytics and portfolio reporting tools with the bank’s liquidity management platform according to a story in The Trade. Known as the Goldman Sachs Liquidity Solutions Portal, the platform allows institutional users to access their investments through connected platforms for a consolidated view of funds, direct securities, and separately managed accounts. The liquidity management platform’s suite of tools includes execution services, risk management, and market intelligence.

Citigroup Inc. tapped its Latin America chief, Jane Fraser, to serve as the bank’s No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat. The New York bank named Ms. Fraser president and head of its consumer bank, where she replaces Stephen Bird. Mr. Bird is leaving the bank, according to a story in The Wall Street Journal. Ms. Fraser joined Citigroup in 2004 after stints at Goldman Sachs Group Inc. and McKinsey & Co. She played a lead role in key decisions to slim down Citigroup, such as selling the Smith Barney brokerage....

Nasdaq announced the launch of Nasdaq Smart Options, a manageable and less resource-intensive data feed from the U.S. options markets in real-time, drawing the essential data from the standard Options Price Reporting Authority (OPRA) data feed. The Nasdaq Smart Options feed supports the National Best Bid and Offer (NBBO) and Last Sale trade messages, as well as administrative messages for all listed options. Individual exchange BBO data is excluded, which significantly reduces bandwidth cost and contributes to savings of more than 80% of the cost of connecting to the full OPRA data...

Tomorrow, FIF will be at Cboe Global Markets (400 South LaSalle Street, Chicago) for a luncheon and panel discussion on upcoming options initiatives. The event will begin with a keynote presentation from Manisha Kimmel, Senior Policy Advisor to SEC Chairman Jay Clayton, on the current status of CAT.  The keynote presentation will be followed by a panel discussion focusing on: the OCC Actionable Identifier Initiative, CAT Options Reporting, Options Exchange Initiatives, and OCC Initiatives.  FIF would like to thank Cboe Global Markets for sponsoring this event. 

FIF is pleased to announce that Northern Trust Securities, Inc. has joined the FIF Community.

FIF will hold a Reg Best Interest Working Group kick-off meeting on Thursday, October 24 @ 11:00am.  This working group will focus on industry best practices and information sharing with respect to meeting the provisions outlined in the Rule.  As part of this working group, FIF will address identified potential implementation issues, especially those that may impact industry member books and recordkeeping requirements.  If you would like to join this working group, please update your profile here.

  FIF/SIFMA/STA CAT Options Subgroup - FIF held a joint FIF/STA/SIFMA options subgroup meeting to continue review of understood CAT Multi-Leg Option reporting requirements.  The focus of this meeting was to work through industry recommendations pertaining to the definition and scope of Multi-Leg options reporting. FIF also started to solicit feedback on preferred reporting models, which we are currently working into our recommendations that we intend to present to the SROs sometime in Mid-November. FIF CAT Tech Spec Working Group - FIF that focused upon review...

Moscow Exchange (MOEX) announced that Interactive Brokers Group has begun providing access to the Russian market for all its clients in the US and worldwide. Interactive Brokers serves over 650,000 clients and operates on more than 125 exchanges in 31 countries. Clients can fund their accounts in 24 currencies and trade assets from a single account in multiple currencies, including the Russian ruble. Access to the Moscow Exchange is provided via Raiffeisenbank, which holds a Russian broker license. The ability to trade directly on MOEX outside of Russia but through a local broker is...