The CT Plan has formally submitted its proposed pricing plan to the Securities and Exchange Commission, following unanimous approval by the CT Plan Operating Committee. The proposed pricing plan—now available on the CT Plan website and expected to be posted on the SEC’s website shortly—was developed through a rigorous and transparent process. Over the course of several months, the Operating Committee and its Fees & Policies Subcommittee conducted extensive outreach with market participants, engaged an independent market-data consultant, and incorporated feedback from two industry...

BMW Group unlocked automatic EUR to USD foreign exchange (FX) to support its international treasury management by leveraging Programmable Payments on Kinexys Digital Payments, a private, permissioned blockchain network from J.P. Morgan. The first transaction involved automated balance checks, conditional auto-deposits, near real-time FX transactions and transfers between BMW Group’s Blockchain Deposit Accounts in Frankfurt and New York. This milestone marks the first time Kinexys by J.P. Morgan, the firm’s blockchain business unit, has enabled FX on its private, permissioned...

Interactive Brokers is set to offer trading of Brazilian equities through a B3 connection.  According to a story in MarketsMedia news, the new offering aims to expand investor access to emerging markets in Latin America, alongside the firm’s current global stocks, options, futures, currencies, bonds and funds product suite. Specifically, Interactive Brokers’ clients are set to benefit from enhanced market access – able to gain direct access to the assets through the firm’s single unified platform, from anywhere across the world. “Global investors need seamless access to...

Ondo Finance, State Street Investment Management, and Galaxy Asset Management, an affiliate of Galaxy Digital Inc. announced plans to launch SWEEP—the State Street Galaxy Onchain Liquidity Sweep Fund—a tokenized liquidity fund designed to bring traditional cash management onchain. As part of the launch, Ondo Finance’s OUSG fund intends to serve as the lead anchor investor. This planned allocation would further diversify OUSG’s reserves and expand the depth of its 24/7 stablecoin liquidity for investors. SWEEP is targeting a debut on Solana in early 2026. According to a story in MarketsMedia...

Cboe has unveiled plans to extend its Russell 2000 Index (RUT) options to trade at nearly 24 hours a day, five days a week according to a story in The Trade news.  The new offering, expected to go live on February 9, 2026, will expand the cash-settled, European-style options’ current trading hours of 9.30am ET to 4.15pm ET Monday to Friday to also cover an overnight session, allowing for trade activity during Cboe’s Global Trading Hours (GTH), from 8.15pm ET to 9.25am ET the next morning.  Specifically, by expanding RUT options trading hours, Cboe aims to enhance global...

FIF would like to thank Societe Generale for hosting and n-Tier fs for sponsoring a wonderful event on December 4th. For the third year in a row the FIF Year-End Holiday Event sold out and each year it seemingly gets better and better. The thought provoking panels and spirited discussions between the panelists and an engaged audience gave way to an enjoyable networking section which included attendees from more than 80 firms across the industry. You can find some pictures from the event here. 

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 TRF/ORF Working Group will have its next call on Monday December 8 at 1 pm ET. The Working Group will discuss FINRA Regulatory Notice 25-15 relating to the extension of the TRF hours of operation and issues and questions from FIF members relating to this change.

FIF has scheduled a joint call for the Rule 605 and Rule 606 Working Groups for Tuesday December 9 at 1 pm ET. The Working Groups 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.