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Data & Technology Committee

The Data & Technology Committee will have its next call on Wednesday June 25 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 presenters will be Mike Collazo and Joe Gostomski from SIAC and Rob Vilardo from UTP, who will discuss implementation of the SEC-mandated change for round lot reporting.

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Cybersecurity Working Group

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.

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Working Group Updates 6/16/2025

SLATE Working Group. The SLATE Working Group discussed a revised draft letter to the SEC and FINRA relating to the implementation of SLATE reporting. The Working Group discussed challenges with the current implementation timeline. The Working Group discussed reporting for a loan that is novated to the Options Clearing Corporation. The Working Group discussed the resubmission of a previously rejected event after an intervening accepted event.    OFR Repo Reporting Working Group. The OFR Repo Reporting Working Group discussed new FAQ 0061 relating to reporting for the scenario...

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Miami International Holdings Closes Acquisition of The International Stock Exchange

According to a story in The Trade news, Miami International Holdings’ (MIH) acquisition of The International Stock Exchange Group (TISE) – via its wholly owned subsidiary MIH East Holdings – has come into effect. The initial agreement on a recommended cash offer for MIH was reached in March 2025. The deal, valued at £70.4 million, will see MIH acquire the entire issued and to be issued ordinary share capital of TISE not already owned by MIH East Holdings. “MIH’s acquisition of TISE represents a key milestone in advancing our international growth strategy,” said...

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Virtu Financial Partners with Limina to Enhance Buy-side Workflows

Virtu Financial has collaborated with cloud-native investment management solution provider, Limina to enhance buy-side workflows. According to a story in The Trade news, the collaboration is based around Virtu’s TradeOPS platform, which automates post-trade workflows, and combines Limina’s cloud-native order and portfolio management system (O/PMS) to provide buy-side clients with access to a fully integrated front-to-back workflow.  Virtu has said that the collaboration will address recent challenges and developments in the post-trade sector affecting buy-side firms, such as...

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LSEG Technology to Power Brazilian Exchange

The London Stock Exchange Group (LSEG) has entered an agreement to provide trading, clearing and market surveillance technology to power Brazil’s next-generation derivatives and futures exchange, A5X.  According to a story in The Trade news, The agreement will see A5X operating LSEG’s integrated market infrastructure technology suite, which includes pre-trade risk management, ultra-low latency matching engine, market data distribution and real-time surveillance.  The move comes following intensive joint design efforts to tailor LSEG’s systems to Brazil’s market to...

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Broadridge’s LTX Launches New AI Capability for Traders

Broadridge Financial Solutions’ bond trading platform LTX has launched a new capability – BondGPT Intelligence – which integrates generative AI capabilities directly into trading platform workflows. According to a story in The Trade news, the offering uses artificial intelligence to anticipate users’ queries based on their location in the investing and trading workflow, proactively’ making key insights available to traders. Jim Kwiatkowski, chief executive of LTX, said: “BondGPT Intelligence further integrates the BondGPT functionality into the LTX trading platform, anticipating the...

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Wedbush Fund Advisers Launches AI Revolution ETF

Solactive announced its inaugural collaboration with Wedbush Fund Advisers, LLC, resulting in the launch of the Dan IVES Wedbush AI Revolution ETF. The ETF tracks the Solactive Wedbush Artificial Intelligence Index, which is designed to capture the transformative potential of companies driving the global AI economy. This launch builds on the influential research and thematic vision of Dan Ives, whose expertise in the technology sector played a pivotal role in shaping the index’s design and focus. The artificial intelligence sector stands at a critical juncture, with generative AI and...

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Fixed Income Platform Order Data

On May 7, 2025, FIF posted the FIF public website a best practices document that recommends a standardized industry process for fixed income platforms to communicate manually-input order data to participants. The objective of this initiative is to support the participants of these platforms in performing their internal compliance and surveillance functions. This document was prepared based on the input of the FIF Compliance and Surveillance and Fixed Income Regulations Working Groups. An FIF member has contacted fixed income platforms about this document. If you are interested in this...

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