The Data & Technology Committee will have its next call on Monday November 24 at 3 pm ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Ivan Brown of IEX, who will discuss the new IEX Options Exchange facility. 

The Front Office Committee will have its next call on Tuesday November 25 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

Rule 605 Working Group. The Rule 605 Working Group continued its discussion of reporting for orders with specific handling instructions and characteristics, including retail-attested orders, peg orders, orders directed to a floor broker, guaranteed price orders, and market to limit orders.     SLATE Working Group. The SLATE Working Group discussed reporting for arranged financing scenarios. The Working Group continued its discussion of a draft FIF letter to FINRA on reporting to SLATE based on the end-of-day status of a loan, including how new loans, modifications,...

Capitolis, a financial technology company, has developed an expanded novations solution in partnership with Societe Generale, enabling the prime broker to be the first to offer full straight-through processing (STP) of FX options novations. Societe Generale approached Capitolis seeking a fully automated solution enabling its clients to novate FX options within its network without manual intervention. Leveraging the Capitolis Novations platform, and in collaboration with Societe Generale, Capitolis delivered a solution that increases speed, automates a primarily manual process, and reduces...

Kinexys by J.P. Morgan, the firm’s blockchain business unit, has brought institutional finance onchain, marking a significant, tangible step forward in the evolution of digital money. Following a successful proof-of-concept of JPMD, J.P. Morgan’s USD-denominated deposit token JPM Coin (ticker: JPMD) is now available for J.P. Morgan’s institutional clients’ use on Base, the Ethereum Layer 2 blockchain built within Coinbase. JPMD remains the ticker for the JPM Coin USD deposit token.

BNY, a global financial services company, announced the launch of the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a money market fund created to support institutional adoption of digital assets in the liquidity space. The fund is intended to enable U.S. stablecoin issuers and other qualified institutional investors acting for themselves or in a fiduciary, advisory, agency, brokerage, custodial, or similar capacity. The fund is designed to hold the reserves for stablecoins to be issued under the Guiding and Establishing National Innovation for U.S. Stablecoins (“GENIUS”) Act. The fund does...

FIF is excited to announce our 2025 Year-End Holiday Event, hosted by Société Generale on December 4th from 2:45 pm to 7:30 pm ET. After opening remarks from Société Generale, there will be three panels. The first panel will be on 2026 Regulatory Implementations, the second panel will be on Technology & Innovation and the final panel will be on Tokenized Securities/Digital Assets. This is our most popular event of the year and registration fills up fast, so mark your calendars and plan to arrive early for the last FIF event of the year! FIF Members may register for free here,...

On November 4, FIF submitted a letter to request that the SEC confirm in writing that the compliance date for short position reporting will not be January 2, 2026. FIF would like to thank the members of the Data & Technology Committee and the Equity Market Regulations Working Group for their contributions in the drafting of this letter.

The next call for the Rule 605 Working Group will be on Monday November 10 at 2 pm ET. The Working Group will continue its discussion of open interpretive questions relating to implementation of the Rule 605 amendments, including reporting for retail attested orders and reporting for different order types.