FIF has scheduled a call for Tuesday October 21 at 3 pm ET to discuss the potential impact of the recent appeals court decision relating to minimum pricing increments and access fee caps. FIF has invited the members of the Data and Technology Committee and the Equity Market Regulations Working Group to participate on this call.

The SLATE Working Group will have its next call on Wednesday October 22 at 10 am ET. The Working Group will continue its discussion of issues relating to the implementation of SLATE reporting, including next steps with the SEC and FINRA.

FIF has scheduled a call for the Short Sales / Reg SHO / Short Reporting Working Group for Wednesday October 22 at 11 am ET. The Working Group will discuss a draft FIF letter to the SEC requesting an extension of the current implementation date for short position reporting.

The next call for the TRF / ORF Working Group will be on Wednesday October 22 at 3 pm ET. FIF members will update the full Working Group on a recent discussion with FINRA relating to the extension of TRF operating hours.

FIF is hosting a webinar on Best Execution for the Compliance and Surveillance Working Group. The webinar will be on Monday October 27 at 3 pm ET. The moderator will be Scott Trilling of Fidelity. The panelists will be Mark Davies of S3, Derek Lacarrubba of the K&L Gates law firm, Ted Karn of The Karn Group and Chris Montagnino of Jordan & Jordan. If you would like to submit any questions or topics for the webinar, please send them to This email address is being protected from spambots. You need JavaScript enabled to view it.. 

FIF has scheduled a joint call for the CAT Transaction Reporting and CAIS Working Groups for Wednesday October 29 at 2 pm ET. The Working Groups will continue the discussion of issues relating to CAT Transaction Reporting, CAIS and CAT billing.

SLATE Working Group. FIF hosted two calls for the SLATE Working Group this past week. During the first call, the Working Group discussed the reporting of null values, SLATE reporting for collateral pledges, reporting based on CUSIP instead of ticker symbol, rehypothecation, reporting of loans by the Federal Reserve, and post-maturity correction of a bond that was loaned prior to maturity. The Working Group also discussed current FIF member implementation plans given the recent court decision to remand SLATE back to the SEC. During the second call, the Working Group continued its...

LSEG and Microsoft have unveiled a further development for their multi-year strategic partnership, by providing agentic AI with data made accessible through an LSEG managed Model Context Protocol (MCP) server. The offering converges workflow integration inside trading and research operations, by allowing custom AI agents to be built directly into workflows, within the Microsoft Copilot Studio, and deployed in Microsoft 365 Copilot, supported by LSEG data. Additionally, LSEG clients will be able to connect with data, licensed through LSEG products including Workspace and Financial Analytics...

Nasdaq, Inc. unveiled a series of enhancements to its market surveillance platform, having completed a pilot which successfully embedded advanced AI functionality at every stage of a market abuse investigation. The platform is used by financial institutions globally, including 50 exchanges and 20 international regulators, providing advanced capabilities to investigate suspicious activity from anomaly detection through to regulatory enforcement. “Manipulative actors are increasingly coordinating sophisticated schemes through indirect relationships that evade traditional detection methods,...