The Data and 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.

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.

Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions. According to a story in Markets Media news, the all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto licenses across Europe, the UK and Asia — as well as an established institutional client base. For Robinhood, the deal marks a move into deeper waters:...

Nasdaq has partnered with Nasdaq Private Market (NPM), a provider of secondary liquidity solutions to private companies, employees, and investors, to provide greater price transparency and valuation visibility into private, pre-IPO companies, including unicorns and other startups through NPM’s Tape D private company dataset. According to a story in Traders Magazine, as the exclusive distributor of the Tape D API, Nasdaq is enhancing essential transparency and access to an increasingly complex private company landscape. Now available to Nasdaq clients through API integration via Nasdaq...

To facilitate the development and deployment of generative AI use cases in its businesses and functions, BNP Paribas has designed and deployed an internal LLM as a Service platform. Operated by the Group’s IT teams, this technology, allows each entity to access a selection of language models (LLM) tailored to its needs via a standardized and secure interface. These models can be directly integrated into tools or processes. According to a story in Markets Media news, the platform is based on a shared infrastructure hosted in the Group’s data centers, equipped with...

SLATE Working Group. FIF hosted two calls this past week for the SLATE Working Group. The Working Group discussed a draft letter to the SEC and FINRA relating to the implementation of SLATE reporting, including the requirement for all SLATE Participants to obtain an MPID, the requirement to report the borrowerType of Bank, reporting the eventDateTime for manual loans, and reporting changes to party information after a loan has been reported. 24x7 Trading Working Group. The Working Group discussed recommendations to automate the process for notification and processing of corporate...

FIF is pleased to welcome Bernstein Institutional Services to the FIF Community.

On May 27, FIF submitted a letter to the MSRB on the need for direct reporting for municipal bonds. FIF would like to thank the members of the subgroup on Direct Reporting for Muni Trades for their contributions in the drafting of this letter. FIF would also like to thank Peter Lisman of Broadridge for coordinating this initiative.

On May 29, FIF submitted to the SEC a request for a six-month extension of the current exemptive relief for CAT rep order linkage. FIF would like to thank the members of the CAT Transaction Reporting Working Group for their contributions in the drafting of this exemption request.