FIF has scheduled a call for the CAIS Working Group for Wednesday May 14 at 11 am ET. The Working Group will discuss CAIS issues for expunging inactive accounts.

The CAT Transaction Reporting Working Group will have its next call on Wednesday May 14 at 2 pm ET. The Working Group will continue its discussion of managing CAT costs and discuss feedback from FINRA CAT to comments previously submitted by FIF.

The SLATE Working Group will have its next call on Thursday May 15 at 11 am ET. The Working Group will discuss key issues to highlight to FINRA. The Working Group will also discuss how FIF members plan to proceed on the various open interpretive issues relating to SLATE reporting.

The Back Office Committee will have its next call on Tuesday May 20 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. Nick Rupprecht from Virtu will discuss future settlement of fractional shares through DTCC.

FIF has scheduled a joint call for the Compliance and Surveillance Working Group and the SEC FINRA Regulations Working Group for Tuesday May 20 at 2 pm ET. The Working Groups will review and discuss an updated regulatory implementation calendar for 2025 and beyond.

SLATE Working Group. The SLATE Working Group discussed reporting for max lot trades. The Working Group discussed the request for extension submitted by FINRA to the SEC. Working Group members discussed their current implementation plans for SLATE given the FINRA request for extension.  Rule 606 Working Group. The Rule 606 Working Group discussed Rule 606(a) reporting for fractional share orders. The Working Group discussed revised draft Rule 606(a) FAQs to submit to the SEC. The Working Group discussed the current status of the Rule 11Ac1-6 FAQs, which preceded the 2018 amendments...

Can a 19th US options exchange truly add value to the marketplace? “We asked ourselves the same thing” when mapping out a plan for a new exchange,” said John Palmer, Head of Options at IEX Group, in a recent story in MarketsMedia news. But with growing complexity in the options market, particularly around stale quotes, increased strikes, and fast-moving prices, IEX Options believes it can deliver solutions that better serve market makers and improve trade execution. IEX Group was founded in 2012. The firm’s Investors Exchange launched in 2016 and has since increased its market share in...

The London Stock Exchange Group’s (LSEG) Post Trade Solutions has executed its first GBP/USD multilateral compression run at its service for non-cleared OTC derivatives, SwapAgent.  The offering was initially launched with EUR/USD currency pairs in 2024, and the move now marks an expansion of multi-asset post-trade capabilities, with the GBP/USD offering accounting for approximately 75% of SwapAgent’s trading activity. According to a story in The Trade News, the offering is set to address market needs by allowing participants to target the majority of cross currency...

State Street has incorporated EMAlpha’s multilingual AI co-pilot offering into its ‘smart desktop’ platform, LINK, as part of a drive to expand the firm’s integration of third-party services and products.  According to a story in The Trade News, the offering will allow LINK users to access currency-related insights and stay on top of major market news which may influence currency values, through using EMAlpha’s multilingual AI-powered information flow scanning and summarization tool available on the platform. The integration also marks LINK’s first third-party integration...