The next call for the SLATE Working Group will be on Thursday May 22 at 11 am ET. The Working Group will continue to discuss key issues to highlight to FINRA and how FIF members plan to proceed on the various open interpretive issues relating to SLATE reporting.

Earlier this month, FIF created a new Working Group (the CFTC 24/7 Working Group) to discuss the recent CFTC request for comment on 24/7 trading. FIF has now renamed this group as the 24/7 Trading Working Group. This Working Group will discuss implementation issues relating to extended-hours trading for securities and commodities. FIF has scheduled a call for this Working Group for Thursday May 22 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...

SLATE Working Group. The SLATE Working Group discussed the requirement for all participants to obtain MPIDs. The Working Group discussed reporting MPIDs and other participant identifiers. The Working Group discussed the requirement to include the file timestamp in the fileRecordId field for each event. The Working Group discussed reporting for settlement events, same-day cancels and forward-start loans. Reg NMS Amendments. The Equity Market Regulations Working Group reviewed recent notices and specification updates published by SIAC and UTP relating to testing and implementation of the...

XTX Markets’ European SI (Systematic Internaliser) had a record month in terms of ADTV in April. For the first time, the ADTV (Average Daily Trading Volume) hit 1bn EUR, reaching 1.02bn EUR. Figures include UK and European SIs, which provide liquidity to UK and EU clients in UK and EU equities markets. According to a story in Markets Media news, April saw high volatility and extreme market conditions, particularly in the equities market. XTX claims their record SI volumes demonstrate their ability to provide liquidity through these times of stress. XTX states, “We’re continuing to...

Data analytics in capital markets is experiencing a boom within a boom, as a long-term increase in demand converges with a period of extraordinary volatility according to a story in Markets Media news. JP Morgan’s Execute Analytics, a cross-asset data and analytics platform designed to optimize trade execution, recorded its two busiest days in April 2025, with usage running more than 50% higher than average, according to Jessica Hamilton, Vice President at the Wall Street bank. The utility of leading-edge data and analytics platforms has been a developing trend for some time. Volatile...

The Stock Exchange of Thailand (SET) has expanded its strategic partnership with Nasdaq in a bid to modernize the region’s capital markets ecosystem according to a story in The Trade news. Specifically, the stock exchange’s infrastructure will be enhanced by Nasdaq’s risk and surveillance technology, improving its market resilience, aligning with global standards, and leveraging Nasdaq’s AI capabilities. The move follows SET’s prior deployment of Nasdaq’s advanced surveillance and risk technology in February 2024. SET had previously launched a new trading system which was based on...

Equity research models from BNP Paribas Exane are now available to clients on the Bloomberg Terminal, the firms have announced. Specifically, clients will have direct access to BNP Paribas’ equity research and streamlined integration into research workflows on Bloomberg’s terminal. Theepan Jothilingam, head of EMEA equity research at BNP Paribas, explained: “Our equity research team provides deep, fundamental, bottom-up research and analysis. Direct access to our models and research offers comprehensive and actionable insights to our clients. This integration enhances our ability to...

FIF has scheduled a call for the Equity Market Regulations Working Group for Monday May 12 at 2 pm. The Working Group will review the recent updates to the CTA and UTP specifications for the implementation of the Reg NMS changes to round lot sizes.

FIF has scheduled a call for the Rule 606 Working Group for Monday May 12 at 3 pm ET. The Working Group will discuss revised draft FAQs relating to Rule 606(a) reporting to submit to the SEC.