FIF is excited to announce our 2025 Year-End Holiday Event, hosted by Société Générale and sponsored by n-Tier fs. The event will take place on Thursday December 4th at 245 Park Avenue, New York, NY 10167. This is our most popular event of the year and registration fills up fast, so mark your calendars, FIF will send out registration information for the event in a few weeks. 

SLATE and Short Sale Working Groups. FIF hosted a joint call for the SLATE and Short Sales / Reg SHO / Short Reporting Working Groups. The Working Groups discussed next steps in response to the September 5 statement published by SEC Chairman Atkins relating to the securities loan reporting and short position reporting rules. SLATE Working Group. In addition to the joint Working Group call described above, FIF hosted a call for the SLATE Working Group only. The Working Group discussed recommendations to raise with FINRA to address current challenges with SLATE reporting. SIP Odd Lots....

The impact of T+1, cutting the settlement cycle to the day after a trade, and the increasing adoption of digital assets are having the most significant impact on the post-trade environment, according to a story in MarketsMedia news. Citi’s latest Securities Services Evolution whitepaper found that 41% of respondents see T+1 as the most impactful market change, up from 32% last year. The bank surveyed 537 market participants from buy- and sell-side firms. “As more markets have either confirmed or have indicated a timeframe to move to T+1 in the next four to five years, buoyed by the...

BNP Paribas and JP Morgan are preparing to go live with the Depository Trust & Clearing Corporation’s (DTCC) CTM automated tri-party matching workflow for prime brokers by the end of 2025.  According to a story in The Trade news, the move is aimed at simplifying communications between hedge funds, prime brokers, and executing brokers, while reducing delays and operational risk. It comes as markets across the UK, EU, Switzerland, and Liechtenstein prepare for the shift to a T+1 settlement cycle by October 2027. Currently, prime brokers often receive...

International asset manager, M&G Investments, has adopted Bloomberg’s Research Management Solutions, RMS Enterprise, as part of the firm’s effort to enhance global research processes and workflows. As part of the collaboration, M&G’s investment team will make use of RMS Enterprise and the Bloomberg Terminal and combine the firm’s proprietary research content with Bloomberg’s research library and document search and analysis tools to quickly surface and distil insights.  Specifically, the capabilities will enhance research across workflows spanning equity, fixed income...

The partnership comes amid increased IPO activity and an expected surge of public offerings. Analysts anticipate the fastest pace of deal activity since 2021, with 40 to 60 US IPOs expected by year-end, according to a story in MarketsMedia news.  Carta has joined forces with the New York Stock Exchange in a strategic partnership that designates the NYSE as Carta’s preferred public listing venue. The strategic partnership between the NYSE and Carta, a leading platform for private companies, offers growth and late-stage companies a comprehensive range of pre-IPO liquidity...

FIF is excited to announce our annual Chicago event, sponsored by Cboe Global Markets. After opening remarks from Kevin Carrai of Cboe, there will be two panels, one focusing on options trading and market  developments and the other focusing on market data and technology. The event will take place on Monday October 6th at Cboe's offices at 433 West Van Buren Street, Chicago, IL 60607. Registration in the lobby begins at 2 pm CT. The speaking engagement will be from 3-4:30 pm CT, with refreshments and networking afterwards from 4:30-6 pm CT. FIF would like to thank Cboe Global Markets...

FIF would like to thank Fidelity Capital Markets and LeveL Markets for co-sponsoring FIFs first ever Boston event on September 2nd. There was a great turnout from more than 30 different firms. Both panels were thought provoking and created a great back-and-forth discussion with the audience. Thank you to all our moderators and panelists for your time and expertise. Please find some pictures from the event on the LinkedIn post here.

The OFR Repo Reporting Working Group will have its next call on Monday September 8 at 11 am ET. The Working Group will discuss a draft FIF letter to the Treasury Department’s Office of Financial Research (“OFR”) relating to the recent FAQ updates published by the OFR.