FIF has scheduled a call for the Section 31 Fees subgroup for Thursday July 24 at 2 pm ET. The subgroup will discuss a discrepancy as to whether Section 31 fees are charged based on trade date or settlement date. If you would like to participate on this call and are not a member of this subgroup, please send a note to This email address is being protected from spambots. You need JavaScript enabled to view it., and we will include you in this discussion.

The Data and Technology Committee will have its next call on Wednesday July 30 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be John Palmer of IEX, who will discuss the upcoming launch of the IEX Options Exchange, scheduled for Q1 of 2026.

SLATE Working Group. The SLATE Working Group discussed FINRA’s assignment of MPIDs, allowing firms to report based on LEIs instead of MPIDs, reporting when there is a change in the clientUniqueLoanId, and reporting scenarios where a New Loan Event is rejected. 24x7 Trading Working Group. The 24x7 Trading Working Group discussed a recent rule filing by FINRA to extend the hours of operation of the TRFs in connection with the expansion of exchange trading hours. The Working Group continued its discussion of a draft FIF letter to the SEC relating to extended exchange trading hours,...

Wedbush Financial Services’ largest subsidiary, Wedbush Securities, has launched 24-hour trading capabilities to offer extended market access to clients, particularly in Asia-Pacific time zones, according to a story in Forefront news. The offering has been developed through partnerships with Blue Ocean Technologies and OTC Markets Group, and makes use of alternative trading systems Blue Ocean ATS, MOON ATS and OTC Overnight to enable overnight sessions during Asia-Pacific hours, specifically covering 8pm to 4am ET. Through the three alternative trading systems, clients will have extended...

Citi’s Global Transfer Agency business has deployed Fenergo’s Client Lifecycle Management platform to digitize investor onboarding and due diligence services for regulated funds in Europe. Using Fenergo’s platform, Citi now enables customized policy-driven risk assessment for Anti-Money Laundering (AML) and Know Your Customer (KYC) checks for clients while making investor onboarding more seamless. Clients benefit from automated data validations and real-time reporting through API connectivity. Citi’s Global Transfer Agency unit is part of the bank’s Fund Services business which caters to...

Northern Trust announced a collaboration with Swift to explore how tokenized assets such as carbon credits can be transacted using a commercial bank account in Australia. The initiative, which aims to demonstrate how digital asset innovation can connect seamlessly with core components of the financial system, is part of Project Acacia, a research project led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC). The initiative will be supported by The Northern Trust Carbon Ecosystem™, a fully digital platform for the end-to-end lifecycle management of...

In December last year, Cboe Global Markets changed the name of its Data and Access Solutions business to Cboe Data Vantage, which it said better represents the breadth of its offerings across data and access, analytics and execution, and indices and better represents its growth potential. In the first quarter of this year, Cboe Data Vantage reported an 8% increase in organic net revenue to $149.4 m. The group said continued expansion in transaction capabilities drove solid access and capacity fees and a comprehensive suite of data solutions across geographies and asset classes...

Bloomberg FX Fixings (BFIX) is set to include EBS Market’s spot FX transactions in its offering, as part of an agreement between Bloomberg Index Services Limited (BISL) and CME Group.  By including and using FX transaction data, the offering is expected to assist clients and market participants in matching BFIX, to enhance efficiency and reduce risk.  The firm has also said that the addition of EBS Market transaction data also aligns with BFIX’s aim to provide reliability and transparency in FX fixings for global currency markets.  “The trade data from a...

FIF is pleased to announce our first ever Boston event. The live, in-person event will take place on September 2nd from 5-8pm ET at the Fidelity Investments offices. The event will be co-sponsored by Fidelity Capital Markets andLeveL Markets, LLC. The first panel will be titled: Equity, Options, Fixed Income, Technology, and Data in an Atkins Administration. The second panel will be titled: Crypto and 24X Trading- How do Transparency, Quality & Controls compare to current Equity Market Structure? Panelists for these two panels will be announced soon. Space is...