The Trade reports BNP Paribas has unveiled its newly revamped FX algorithmic trading platform following a major upgrade, which includes the launch of interactive algo­rithms and real-time analytics delivered via an artificial intelligence-based digital trading assistant known as ‘ALiX’. ALiX, which BNP Paribas said is the FX industry’s first digital trading assistant, will deliver content and running commentary on execution to traders using the bank’s modernized Cortex LIVE platform. As market participants continue to battle with the onslaught of data volumes,...

Deutsche Bank is looking to tap into China's burgeoning startup and innovation ecosystem with the opening of its first innovation hub, 'Blue Water Fintech Space', in Shanghai. The facility will be run by a dedicated Innovation and Digital Solutions team with the aim of providing clients with new ideas though digital transformation workshops, proof of concept roadshows, acceleration and incubation of fintech projects. The bank is also seeking new innovations in design thinking, AI, robotics, biometric technology and Internet of Things that can be applied across its tech estate. 

Goldman Sachs Group, Inc. has contracted with Trading Technologies to distribute the TT platform to the firm’s client base. With this agreement, Goldman Sachs’ international client base has access to the TT platform’s full range of professional trading tools, including Autospreader and TT’s new advanced options analytics functionality. Clients can also access Goldman Sachs’ suite of internally developed execution algorithms via the TT platform.

FIF welcomes Natixis as our newest member firm. 

On Wednesday, September 4, the SEC granted the FIF/STA Joint Request to extend the compliance dates of SEC Rule 606(a) and 606(b).  FIF Staff will be joined by STA and a contingent of industry members on Thursday, September 12 to discuss follow-up items pertaining to the current implementation status of the Rule. 

Save the date! FIF will be holding our Annual Chicago Financial Markets Event on October 22nd. The luncheon will take place between 11:15am and 2pm CT.  This year's panel discussion will serve as a preview of options initiatives in 2020 and beyond (i.e. OCC Actionable Identifier initiative, CAT Phase 2b/Phase 2d (options), Exchange Symbology migration).  More details on this event will be available soon.

FIF CAT Tech Spec Working Group - FIF reviewed in detail Scenario 2.6.7 of the Scenarios Document (customer requested cancel of an order that has already been executed(. Based on industry member feedback, FIF is preparing to raise the challenges and workflow issues of the scenario to the regulators. FIF CAT Committee - Operations Focus - FIF provided a high-level overview of the CAT Onboarding Guide with a detailed review of the CAT user entitlement requirements and expectations. FIF also allowed for questions on the recently published CAT Reporter Agreement and...

Virtu Financial, Inc. announced new executive hires and changes to its leadership team. Brett Fairclough has been promoted to Chief Operating Officer and Global Head of Business Development at Virtu, where he has worked since 2007. He led Virtu’s Asia Pacific operations from 2014-2019 and was the Chief Compliance Officer of Virtu’s broker-dealer subsidiaries from 2012-2014. Alex Ioffe will be joining Virtu as its Chief Financial Officer, effective September 30, 2019. Alex will succeed Joseph Molluso, Virtu’s current Chief Financial Officer. Alex was most recently the Chief...

Nasdaq, Inc. announced Executive Vice President Edward S. Knight will assume the role of Vice Chairman, effective October 1, 2019. Knight will continue to manage global government relations and will serve as a senior advisor on public policy and litigation. With Knight’s transition to Vice Chairman, John A. Zecca has been named Executive Vice President and Chief Legal Officer. Zecca will be responsible for managing Nasdaq’s regulatory oversight, legal counsel, and compliance across the company's global businesses.