FIF has scheduled a joint call for the Data and Technology Committee and the Equity Market Regulations Working Group for Monday November 3 at 3 pm ET. The Committee and Working Group will discuss the exemptive order published by the SEC on October 31 to extend the compliance date for the Reg NMS amendments relating to minimum pricing increments and access fee caps.

FIF has scheduled two calls this week for the SLATE Working Group: the first call will be on Wednesday November 5 at 11 am ET; the second call will be on Thursday November 6 at 11 am ET. The Working Group will continue its discussion of a draft letter to FINRA relating to SLATE implementation. 

The CAT Monthly Update Working Group call for November will be on Thursday November 6 at 2 pm ET. The Working Group will review guidance and updates from the CAT Plan Participants and FINRA CAT on CAT Transaction Reporting, CAT CAIS and CAT billing during the prior month. The Working Group will also review the current areas of focus for FIF members and the current open issues for CAT Transaction Reporting, CAT CAIS and CAT billing.

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday November 12 at 2 pm ET. The Working Groups will continue the discussion of issues relating to CAT Transaction Reporting, CAT CAIS and CAT billing.

Rule 605 Working Group. The Rule 605 Working Group discussed whether GTC orders received prior to the compliance date that are still open as of the compliance date should be reportable. FIF conducted a Zoom survey of Working Group participants on this issue. The Working Group discussed next steps to address open interpretive questions with the SEC. The Working Group discussed reporting for orders sent to ATSs and single dealer platforms. The Working Group discussed reporting for orders with specific handling instructions.  Compliance and Surveillance Working Group: Best Execution...

Craig Donohue, chief executive of Cboe Global Markets, took on his role in May this year and has completed a review of the derivatives and securities markets operator. The new strategy includes initiating a sales process for Cboe Australia and Cboe Canada according to a story in MarketsMedia news, discontinuing U.S. and European corporate listings efforts and reducing costs related to U.S. and European ETP listings businesses, Cboe Europe Derivatives and several of Cboe’s smaller risk and market analytics businesses. Donohue said that although the Australian and Canadian equities businesses...

Jeffrey Sprecher, chair and chief executive of ICE, said one of the attractions of investing in Polymarket was the prediction market’s use of smart contracts to take advantage of the new blockchain banking infrastructure, which will help ICE adapt to using tokens as collateral 24/7 in the future. “Polymarket expands our footprint into decentralized prediction markets, which is aligned with our commitment to providing innovation and data-driven insights to our customers,” he added. In October this year ICE announced a strategic investment of up to $2bn in Polymarket, a prediction market...

Securitize, Inc., a leading platform for tokenizing real-world assets, announced the launch of the Securitize Tokenized AAA CLO Fund (STAC), a tokenized fund dedicated to AAA-rated collateralized loan obligations (CLOs). According to a story in MarketsMedia news, the fund has been developed in collaboration with BNY a global financial services company. Leveraging its deep expertise enabling the digital assets ecosystem, BNY will serve as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments, which oversees $2.1 trillion in assets under management...

Goldman Sachs and DBS have successfully completed the first-ever over-the-counter (OTC) cryptocurrency options trade between two banks. According to a story in MarketsMedia news, the involvement of two trusted, well-capitalized banks in this pioneer transaction marks a new milestone in the maturation of digital assets in the region. It also demonstrates how the ecosystem is increasingly adopting risk management best practices that form the bedrock of traditional asset classes. The transaction between DBS and Goldman Sachs involved trading cash-settled OTC Bitcoin and Ether options. Such...