On Tuesday June 13 at 3 pm ET, Atulya Jyoti of Kyndryl will present to the Emerging Technologies Working Group on Mainframe Data Democratization in Capital Markets. Legacy mainframe applications and operations remain central to nearly all major capital markets firms. Trade processing, custody, and fund administration continue to require the secure, high-volume, and scalable platforms mainframes provide. So how can companies unlock value from all this mainframe data, exposing it to modern AI and analytics tools often only available on the cloud? In this talk we will look at an emerging capability known as data democratization which uses modern data pipelines to drive innovation and monetization for data on the mainframe, and examples of how it can transform capital market processes.

Because of the SEC open meeting scheduled for Wednesday June 7 at 10 am ET, which will include a vote on the CAT Executed Share Model, FIF is cancelling the regularly-scheduled CAIS call for this week. FIF will schedule a CAIS call for Thursday this week if requested by FIF members. FIF will host the regularly-scheduled CAT Transaction Reporting Working Group call on Wednesday June 7 at 2 pm ET.

On June 1, FIF submitted letters to the SEC, the CAT Plan Participants and FINRA CAT on CAT reporting for RFQ responses. FIF would like to thank the members of the FIF CAT Transaction Reporting Working Group for their contributions in the drafting of these letters.

On Thursday June 29, FIF will hold an in-person event at the offices of OTC Markets (300 Vesey Street, New York, NY 10282). There will be two panels, with one focusing on the SEC rule proposal to amend the Rule 3b-16 definition of exchange and the other focusing on digital assets/crypto regulation. This event is free to attend for all FIF members. If you would like to attend, please register here.

FIF has scheduled the next call for the Rule 605 Working Group for Tuesday May 30 at 3 pm ET. The Working Group will discuss the May 17 call between FIF members and SEC staff relating to the SEC’s rule proposal on Disclosure of Order Execution Information and discuss a draft supplemental comment letter to be submitted by FIF.