Nasdaq and the Nigerian Stock Exchange (NSE) have announced that NSE, which services the largest economy in Africa, will continue leveraging Nasdaq’s matching engine technology for its equities and fixed income markets for an additional five years. Further, NSE will also continue utilizing Nasdaq’s SMARTS Market Surveillance technology to monitor its market for manipulation, including spoofing and layering. Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including...

Thank you to all of you who attended the FIF Year-End Event last night and @Bloomberg for graciously hosting. Our expert panelists did a fantastic job reviewing the major regulatory initiatives of 2019. We look forward to supporting those efforts in the year to come. Pictures below: https://twitter.com/FIFinfo/status/1075809410012864512   

There are only a few days left until FIF's Year-End Event and the event is nearly sold out. The event will take place on Wednesday, December 19, 2018 at Bloomberg (731 Lexington Ave., New York, NY).  Please join FIF and our panel of industry experts as we discuss the strategies that your firm should consider when planning for the significant rule implementations scheduled for 2019.  Panelists will discuss major initiatives impacting Equities (i.e. CAT, SEC Rule 606, Reg ATS-N), Fixed Income (i.e. TRACE, FINRA Rule 4210), and the Back Office (i.e DTCC Settlement Optimization...

FIF recently submitted comments on behalf of its members to the Commission on the Current Status of CAT. To access the letter, please click here:  https://fif.com/comment-letters

FIF/SIFMA LTID Phase 3 Working Group -  Discussed potential options to comply with LTID Phase III’s requirements to prepare for future meetings with the SEC Staff. Analyzed initial alternatives. FIF CAT Tech Spec Working Group - Solicited feedback on the FIF member requested scenarios/requests for additional guidance pertaining to the scenarios (FIF Request for Additional Scenarios) and continued with the review of section 2.1.2 of the scenario document FIF CAT Working Group - Reviewed the deep-dive discussion materials discussed with the SROs/Thesys CAT...

IEX Group, which operates the stock exchange IEX, has promoted Elaine Wah to Head of Quantitative Research. Wah has led the exchange’s Market Quality Group since 2016, overseeing market structure research as well as real-time and historical analysis of trading activity on the exchange. The Quantitative Strategy team was previously led by Daniel Aisen.  Prior to joining IEX, Wah had roles at the SEC’s Division of Economic and Risk Analysis and Microsoft Research New York City. Wah reports to Eric Stockland.

Australia’s Macquarie has appointed a new chief executive of its business in Europe, the Middle East and Africa (EMEA) which will take effect on April 1st next year. David Fass, formerly CEO of the EMEA business, will take on a new role as co-head of Macquarie Infrastructure and Real Assets (MIRA) for the Americas. Macquarie said that there will be a transition period ahead of the leadership changes. Paul Plewman will take on the role leading Macquarie’s business in the EMEA region, coordinating the firm’s activity and strategy, promoting cross-group collaboration and...

BNY Mellon has expanded its real-time electronic messaging function for exchange-traded fund (ETF) order taking to improve transactional practices for trading participants and market makers. According to a story in The Trade News, BNY Mellon said in a statement that over the past several months it has made several changes to its ETF order taking service, including an integration of Bloomberg’s BSKT negotiation tool for fixed income, and custom order approval for portfolio managers. The latest update saw a new global standard for clients that are transmitting creation and redemption...

Instinet,  the equities broker owned by Nomura Holdings, has appointed Ralston Roberts as its CEO, replacing long-time veteran Jonathan Kellner who recently left the firm to join cryptocurrency exchange Coinbase. At Goldman Sachs, Roberts was a Managing Director and Co-Head of Execution Services for EMEA. Before working at the multinational investment bank, in June 2013, he was named as the chief operating officer for real-time market data and network services at SunGard.