Cantor Fitzgerald announced it has entered into a definitive agreement to acquire UBS’s O’Connor alternatives investment platform, which includes hedge funds, private credit and commodities, with approximately $11 billion in invested assets. This acquisition will significantly bolster Cantor Fitzgerald’s Asset Management (“CFAM”) capabilities and supports the Company’s broader growth efforts across its core businesses, including Cantor, its premier global investment bank. Upon closing, the investment and support teams will move to Cantor Fitzgerald, and O’Connor will operate as a distinct...

Bloomberg has expanded its market on close (MOC) list trading offering to include US treasuries, following on from the launch of MOC for European government bonds. The expansion is set to allow investors to automatically get into or out of the market at closing point, avoiding the need to manually place orders immediately as the market closes.  The new offering will address challenges associated with tracking error and will provide certainty of execution by referencing a specific close time, through the use of Bloomberg’s Evaluated Pricing Service (BVAL) as the closing...

At the request of FIF members, FIF has created a calendar to identify upcoming regulatory implementations. FIF has posted an updated version of the regulatory implementations calendar on the FIF member website. 

The Front Office Committee will have its next call on Tuesday May 27 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.

FIF has scheduled two calls for this week for the CAT Transaction Reporting Working Group. The first call will be on Tuesday May 27 at 2 pm ET and will focus on rep order linkage. The second call will be on Wednesday May 28 at 2 pm ET and will focus on proposed amendments to the CAT NMS Plan to manage CAT costs.

The Data and Technology Committee will have its next call on Wednesday May 28 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 next call for the SLATE Working Group will be on Thursday May 29 at 11 am ET. The Working Group will continue to discuss how FIF members plan to proceed on the various open interpretive issues relating to SLATE reporting. The Working Group will also continue to discuss additional comments and questions to be submitted to the SEC and FINRA.

FIF has created a new 24x7 Trading Working Group to discuss implementation issues relating to the planned expansion of exchange trading hours for US equities. FIF has scheduled the next call for this Working Group for Monday June 2 at 2 pm ET. If you are interested in participating in this discussion and are not a member of this Working Group, please update your FIF profile to add this Working Group or send a note to This email address is being protected from spambots. You need JavaScript enabled to view it..

SLATE Working Group. The SLATE Working Group discussed challenges with reporting the Bank value for the borrowerType field. The Working Group discussed reporting the eventDateTime for scenarios that involve a loan that is agreed to manually. Digital Asset Securities. FIF hosted a joint call for the Digital Asset Securities and Margin / Financial Risk Regulations Working Group to review the FAQs relating to custody of crypto assets published by the SEC on May 15. Regulatory Implementations Calendar. FIF hosted a joint call for the Compliance and Surveillance Working Group and the SEC...