Nasdaq has submitted a filing to the US Securities and Exchange Commission (SEC), to extend to a 23/5 trading hours model, for US equities and exchange-traded products (ETPs).  Currently, the exchange operates three daily sessions from Monday to Friday, spanning a pre-market hours period from 4am to 9.30am ET, regular market hours from 9.30am to 4pm ET and post-market hours until 8pm ET. According to a story in The Trade news, the rule change will add a ‘night’ session to the current ‘day’ trading period, spanning 9pm to 4am ET the next calendar day, with...

LSEG and Citi have entered a multi-year data and analytics strategic partnership, as part of an effort to strengthen the quality and speed of client delivery.  According to a story in The Trade news, the offering will leverage LSEG’s data, analytics and workflow solutions at enterprise scale, to enhance Citi’s data foundations and support the firm’s front-to-back workflows across its business lines, including markets, investment banking, wealth, trading, risk, finance and compliance.  In addition, through data consolidation and standardized...

In response to member request, FIF has created a new Working Group to discuss Canada Regulatory Reporting issues. If you would like to participate in this Working Group, please update your FIF profile or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

The Back Office Committee will have its next call on Tuesday December 16 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.

FIF has scheduled a call for the Rule 605 Working Group for Wednesday December 17 at 1 pm ET. The Working Group will continue the discussion of open interpretive questions relating to implementation of the Rule 605 amendments, including reporting for different order types and orders with different characteristics. 

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday December 17 at 2 pm ET. The Working Groups will continue the discussion of issues relating to CAT Transaction Reporting, CAIS and CAT billing.

The next call for the Cybersecurity Working Group will be on Wednesday December 17 at 3 pm ET. Monsurat Ottun from the Cybersecurity and Infrastructure Security Agency (CISA) will discuss current threats to the financial industry. We will also discuss the cybersecurity points raised in the 2026 FINRA Annual Regulatory Oversight Report. 

FIF has scheduled a call for the SLATE Working Group for Thursday December 18 at 10 am ET. The Working Group will continue its discussion of issues relating to SLATE implementation to raise with the SEC and FINRA.  

The Front Office Committee will have its next call on Thursday December 18 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.