FIF has scheduled a call for the SLATE Working Group for Thursday November 13 at 11 am ET. The Working Group will continue the discussion of a draft letter to FINRA relating to SLATE implementation. 

Rule 605 Working Group. The Rule 605 Working Group discussed reporting for orders with specific handling instructions and characteristics, including add liquidity only orders, auction orders, orders with counterparty restrictions, discretionary peg orders, and do not route orders.  Reg NMS: Minimum Pricing Increments and Access Fee Caps. FIF hosted a joint call for the Data and Technology Committee and the Equity Market Regulations Working Group. The Committee and Working Group discussed the SEC’s October 30 exemptive order to extend to November 2, 2026 the compliance dates for the...

Northern Trust announced it has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP). According to a story in MarketsMedia news, Northern Trust will provide investment operations outsourcing, fund administration and Investment Risk and Analytical Services, building on a relationship with Avanda that began in 2015. Northern Trust supports Avanda’s full range of funds with the above services as well as custody, foreign...

It has been 10 years since J.P. Morgan launched its annual e-Trading Edit, a comprehensive survey of trends and topics in the industry. More than 4,200 institutional traders responded in the 2025 survey, according to a story in MarketsMedia news. Scott Wacker, global head of FICC e-Sales and Kate Finlayson, global head of FICC market structure & liquidity strategy at J.P. Morgan, took the opportunity of the 10-year anniversary to discuss the “remarkable’ changes observed in electronic trading. Wacker described a domino effect of electronic trading moving from equities to FX and...

LSEG has partnered with cloud-native data and investment management platform, FINBOURNE Technology, as part of a combined effort to deliver integrated fixed income analytics to the industry.  The integration will incorporate LSEG’s Yield Book fixed income data and analytics into FINBOURNE’s SaaS investment data management platform, LUSID, allowing asset managers to make use of this data to perform real-time complex prepayment modelling, loss severity modelling and analytics within their existing LUSID portfolio management system.  Currently, Yield Book’s fixed...

The Charles Schwab Corporation announced it has entered into a definitive agreement to acquire Forge Global Holdings, Inc., in a transaction valued at approximately $660 million. Forge operates a premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17 billion in private company shares. Forge offers qualified investors a range of direct and indirect opportunities to participate in the private markets. Its combination of a direct marketplace, private company solutions, and proprietary data helps enhance private market access...

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 October 29, FIF submitted a letter to the SEC discussing implementation of the Reg NMS amendments relating to minimum pricing increments and access fee caps. FIF would like to thank the participants of the Data and Technology Committee and the Equity Market Regulations Working Group for their participation in the drafting of this letter.

FIF has scheduled a call for the Short Sales / Reg SHO / Short Reporting Working Group for Monday November 3 at 11 am ET. The Working Group will discuss the current status on implementation of the SEC’s rule on short position reporting.