FIF has scheduled a call for the CAT Transaction Reporting Working Group for Wednesday June 25 at 2 pm ET. The Working Group will discuss fill-or-kill orders, recent updates to the CAT technical documentation, and potential amendments to Rule 613 and the CAT NMS Plan.

FIF has scheduled a call for the EBS (Electronic Blue Sheets) Working Group for Thursday June 26 at 11 am ET. The Working Group will review the first draft of an FIF comment letter in response to the request for comment by the SEC on the extension of EBS reporting.

The next call for the Cybersecurity Working Group will be on Thursday June 26 at 3 pm ET. Monsurat Ottun from the Cybersecurity and Infrastructure Security Agency (CISA) will discuss current threats to the financial industry.

SLATE Working Group. The SLATE Working Group discussed final changes to an FIF letter to the SEC and FINRA relating to the implementation of SLATE reporting. The Working Group discussed reporting the equityShares and parValue fields, reporting of the various MPID fields, reporting price changes, reporting the securityIdentifier field, and reporting for block trades and allocations. OFR Repo Reporting Working Group. The OFR Repo Reporting Working Group reviewed a draft letter to the Treasury Department’s Office of Financial Research (“OFR”) relating to the reporting of repos where the...

In a significant step toward bringing institutional finance onchain, Kinexys by J.P. Morgan, the firm’s blockchain business unit, plans to issue a permissioned USD deposit token, JPMD, for payments for the first time on Base, the Ethereum blockchain built within Coinbase, in the coming days. According to a story in MarketsMedia news, amid the rise of stablecoins across both traditional and decentralized finance, deposit tokens offer an attractive alternative, especially for institutional clients seeking reliable liquidity and seamless integration with traditional banking...

The first trade in Nasdaq custom basket futures has been made by University of Cambridge Investment Management (UCIM) with a notional value of €80 million according to a story in The Trade news. Nasdaq custom basket futures allow investors to create a custom-made equity basket, specified by return type, currency, and chosen from a pool of equities. The offering was first launched with custom basket forwards before being expanded to include futures in March 2025. Notably, it enables clients to use standardised contracts traded on a regulated market with central counterparty clearing, as...

Listed derivatives blocking network InTick’s block matching platform has gone live during the June ICE gilt and Eurex fixed income futures rolls, according to a story in The Trade news. The platform facilitates the exchange of active futures block orders, addressing inefficiencies experienced when executing and booking exchange-traded assets. The InTick network is now able to show axes across different contracts. The platform also allows for electronic all-to-all client matching for both equities and fixed income futures markets via a consolidated order book. 

BNY has completed the integration of its buy-side CollateralOne platform with its short-term investment platform LiquidityDirect as it seeks to transform assets to higher-quality balance collateral. According to a story in The Trade news, the move is set to allow clients to automate the use of Money Market Funds (MMF) in triparty transactions, specifically by converting excess cash into collateral against the trade. In addition, BNY confirmed that the integration will optimize MMF’s “to hold against their [clients]  triparty deals and increase yield while allowing more flexibility...

At the suggestion of SEC representatives, FIF submitted to the SEC on June 12 proposed FAQs for Rule 606(a) reporting for the scenario where a reporting firm routes child orders for a single parent order to multiple venues. FIF would like to thank the members of the Rule 606 Working Group for their contributions in the drafting of the proposed FAQs.