SLATE Working Group. The SLATE Working Group discussed reporting the parentFileRecordId, reporting for the first compliance date, the required sequence of records in a SLATE file, and reporting for fields where the Participant Specifications provide a Y value, but not an N value. FIF members provided an update on August 19 FIF member meetings with FINRA, the SEC and the Treasury Department. The Working Group discussed next steps with FINRA and the SEC.   Odd Lots on the SIPs. FIF hosted a joint call for the Data and Technology Committee and the Equity Market Regulations Working...

Intercontinental Exchange, Inc. announced that the application and rulebook of ICE Clear Credit to expand its current registered clearing agency designation to add U.S. Treasury clearing has been published by the U.S. Securities and Exchange Commission (SEC). This publication is a key step in the regulatory approval process needed for the company’s plans to launch a U.S. Treasury clearing service. Subject to regulatory approval, ICE Clear Credit plans to launch its Treasury clearing service later this year, which will give the market an opportunity to voluntarily clear for a period...

State Street Corporation announced that it has become the first third-party custodian to launch on J.P. Morgan’s Digital Debt Service, marking a significant milestone in the institutional adoption of blockchain-based debt securities. According to a story in MarketsMedia news, this strategic collaboration enables State Street to offer custody services for debt securities that are issued, settled and serviced using blockchain technology, delivering a seamless and efficient client experience. The service is currently available only in the U.S. This milestone was marked by the successful...

LeveL Markets has announced a connectivity partnership between its alternative trading system (ATS), Luminex, and Nasdaq Canada. According to a story in The Trade news, the offering will allow clients using Luminex ATS to gain access to Nasdaq Canada’s CDX trading book and is set to provide greater connections to Canadian marketplace liquidity. Steve Miele, chief executive of LeveL Markets, said: “Our partnership with Nasdaq Canada underscores the growing demand for seamless integration with advanced trading ecosystems that help amplify customer trading strategies. Our intuitive...

FIF is pleased to announce our first ever Boston event. The live, in-person event will take place on September 2nd from 5-8 pm ET at the Fidelity Investments offices. The event will be co-sponsored by Fidelity Capital Markets and LeveL Markets. The first panel will be titled: Equities, Options, Fixed Income, Technology, and Data in an Atkins Administration. The moderator of this panel will be Ashley Banfield of Fidelity Investments. The panelists for the first panel will be: Steve Miele of LeveL Markets, Adam Nunes of Hudson River Trading, Rich Steiner of Piper Sandler,...

The Emerging Technologies Working Group will have its next call on Wednesday August 20 at 11 am ET. The spotlight presenter will be Arup Datta of Kyndryl, who will discuss Agentic AI. 

FIF has scheduled a joint call for the Data and Technology Committee and the Equity Market Regulations Working Group for Wednesday August 20 at 1 pm ET. The Working Groups will discuss the documentation published by SIAC and the UTP relating to odd-lot data being added to the SIP market data feeds. The Working Groups will also discuss the recent filing by the SIPs with the SEC to request a two-year extension of the requirement to include depth-of-book odd-lot quotes on the SIPs.

FIF has scheduled a joint call for the CAIS and CAT Transaction Reporting Working Groups for Wednesday August 20 at 2 pm ET. The Working Groups will discuss a revised draft FIF comment letter relating to the removal of PII from CAT. The Working Groups will also discuss recent CAT alerts relating to billing, the recent stay of the Davidson lawsuit relating to CAT, and a proposal from an FIF member to combine the CAIS system into CAT.

The next call for the SLATE Working Group will be on Thursday August 21 at 10 am ET. The Working Group will continue its discussion of a draft FIF letter to the SEC and FINRA relating to the implementation of SLATE reporting.