FIF has created a subgroup to discuss direct reporting of muni trades to the MSRB. FIF has scheduled a call for this subgroup for Thursday May 8 at 3 pm ET. The subgroup will review a revised draft letter to the MSRB recommending that firms have the option to report trades directly to the MSRB RTRS as opposed to reporting trades through the RTTM trade-matching system operated by FICC. If you are interested in participating in this discussion and have not yet registered for this subgroup, please send a note to This email address is being protected from spambots. You need JavaScript enabled...

At the request of an FIF member, FIF has created a new CFTC 24/7 Trading Working Group. The agenda for the Working Group is to discuss a recent request for comment by the CFTC on 24/7 trading. If you would like to participate in this Working Group, please update your FIF profile or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

FIF Webinar on Current Developments in Electronic Communications Surveillance. On April 28 FIF hosted a webinar for the Compliance and Surveillance Working Group on Current Developments in Electronic Communications Surveillance. The moderator for the panel was Holly Dito of Daiwa. The panelists were Rajni Chidambaram of Interactive Brokers, Erin Clemens of StoneX, Donald McElligott of Global Relay, and Craig Warkol of the Schulte Roth law firm. FIF would like to thank the moderator and panelists for the informative discussion of these issues.  TRACE / RTRS Working Group. The TRACE /...

Morgan Stanley Investment Management (MSIM) announced the launch of the North Haven Private Assets Fund (NHPAF), an SEC-registered evergreen investment fund designed to offer select investors the opportunity to obtain institutional-quality private equity exposure primarily through co-investments and secondaries in the lower middle market. This is MSIM’s first evergreen private equity offering and follows the introduction of retail private credit and real assets strategies over the last five years. Neha Champaneria Markle, the Head of Morgan Stanley Private Equity Solutions, said: “We are...

Jeffrey Sprecher, chair & chief executive of ICE, said on the first quarter results call on May 1, 2025 that the company was pleased to report the best quarter in ICE’s history, highlighted by record revenues, record operating income and earnings per share growth.  Net revenues rose 8% year-on-tear to $2.5bn. At the New York Stock Exchange, cash equity trading volumes increased 20% year-over-year, and equity options volumes increased 8% over the same time period.  Equities and equity option trades were executed more efficiently in this period of high volatility than...

Cboe Clear Europe announced the expansion of its clearing services to include cryptocurrency-backed exchange-traded products (ETPs), following recent regulatory approval. ETPs eligible for clearing will be required to meet specific criteria based on market capitalization, and underlying asset availability and product types, including Bitcoin, Ethereum, Tether, XRP, and BNB. The organization will now work with venues that list these eligible products.

FIF is pleased to welcome GTS Securities to the FIF Community.

On April 25 FIF submitted a letter to the SEC and FINRA relating to SLATE implementation. FIF would like to thank the members of the Securities Lending Transparency (SLATE) Working Group for their contributions in the drafting of this letter.

On Monday April 28 at 3 pm ET, FIF is hosting a webinar on Current Developments in Electronic Communications Surveillance. The moderator for the panel will be Holly Dito of Daiwa. The panelists will be Rajni Chidambaram of Interactive Brokers, Erin Clemens of StoneX, Donald McElligott of Global Relay, and Craig Warkol of the Schulte Roth law firm. FIF has invited the members of the Compliance and Surveillance Working Group to participate in this webinar. If you would like to participate in this webinar and are not a member of this Working Group, please update your FIF profile or contact...