FISD Newsletter – April 2023

FISD LATAM

Join FISD in Sao Paulo on May 9th for our annual LATAM issue brief. The afternoon will feature keynote speaker Fabio Araújo from Central Bank of Brazil and thoughtful panels on AI and Market Data in Developing Nations. Take a look at the program, register, and pass along to your colleagues in the region!

FISD Takeover: New York Edition

FISD is taking over the Big Apple! Join us May 31 for our last issue brief before summer hiatus. Then we’re at Google on June 1 for a special New York Engineering Stream. The party keeps going June 5 & 6 for in-person, two-day FIA training before wrapping up with an exemplary Alternative Data Council event at Schulte, Roth & Zabel on June 7th.  

NYC Women’s Group Coming Soon!  

Stay tuned for a coming announcement about NY Women’s Group!  The popular luncheon will be returning to midtown on June 6th.

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FISD Newsletter – March 2023

FISD Evaluating S.E.C. Proposal on Odd Lots

In December, the S.E.C. published a rule proposal for amendments to Reg NMS that would make several changes to the operation of U.S. equities markets and dissemination of associated data. Among the changes are proposals to enhance the transparency of odd lot orders. This would happen through the reclassification of certain odd lot orders as round lots and adding some pre-trade odd lot information to the consolidated tape feed produced by the securities information processors (SIPs). While the general sense of FISD membership seems to be that these changes are constructive and will add transparency to U.S. equities markets, there also seems to be a consensus that the proposed timeline for implementation (90 days after publication in the Federal Register) is too aggressive. FISD is considering submitting a comment letter to the S.E.C. on this narrow issue within the overall rule proposal. If you have thoughts or questions on this topic, please contact Tom Davin.

FISD Tokyo

We are back in-person in Tokyo on March 30 with a great line up. We have arranged for experts on Cloud Technologies (AWS and JPMC), Next Gen Arrowhead (JPX) and Sustainability Data (ICE and S&P S1)  to explore the impact and implications these significant topics are likely to have for our Japan-based financial information community.

We are also lucky to coincide with a Japan visit from LSEG’s global head of low latency and direct feeds. Patrick Flannery was the CEO and Founder of Maystreet which LSEG acquired in June 2022 and he will provide an update on LSEG’s low latency strategy and plans. We have also arranged some long overdue networking with our Japan-based financial industry colleagues to explore these and other topics in a more casual setting.

FISD Madrid

FISD Madrid takes place Thursday, April 27, hosted at the beautiful and historic building of the BME, Spanish Exchange. Come join the round table discussion sessions and meet the local Madrid market, as we already have a rapidly growing attendance from the local consumer community. Topics that we will cover range between Commercial Policies, Technology, Operations, Data Compliance, Regulation, and Alternative Investments. Of course we will network afterwards, on the sunny terrace of BME, where your wine will taste that, ooh, so much better!

AsiaFIC

FISD is getting ever more excited about our return to running the annual pan APAC FISD event – AsiaFIC – taking place in Singapore May 3-4. Our full May 4 program and our speakers capture the key trends in the Financial Information industry. We have most recently posted a very tech centric Engineering Stream for the morning of May 3, building on the success of a similar program at WFIC last year, check out that program here. If two days of packed activities are not enough, get some market data education at our 2-day IN PERSON FIA training course on May 2nd and 5th – see details here.
Contact David Anderson or Peter Tierney for more information.

While you are considering attending AsiaFIC can we also ask you to consider the FISD FIA in person training taking place in Singapore on May 2 and 5 – please see FIA Training: Singapore May 2&5 (in-person) – SIIA.

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FISD Newsletter – December 2022

FISD Office Closed Dec. 23-Jan. 2

Twas the night before holiday break and all through the FISD office, not an employee was stirring, not even a consultant. Our out of offices were set with contact details, in hopes that vacation would soon be there. WFIC is over and programming is done–now just planning on 2023 fun.

FISD Netherlands

It’s almost the holiday season and we have many gifts for you immediately in January!

Don’t miss our FISD Utrecht, The Netherlands event on January 25, 2023. We have all the bells and whistles with our young panel discussing Attracting & Retaining “Rising Stars” the DEI way! We have our own Christmas Carol telling focusing on the future with a VR & Metaverse Demo. And lots of Ho Ho How is it going on the European consolidated tape update? DEI all the way with impact on procurement selection. Till then, Happy Holidays everyone!

AsiaFIC

Support is essential and we have been lucky to get bucketloads of support for our new AsiaFIC event in Singapore May 3-4, 2023. A massive thanks to our three founding Sponsors – Bloomberg; Refintiv and SGX, plus our two Golds – SIX and Tradition Data, and of course Visible Alpha our first Silver. These early sponsors enable us to energetically plan for a great event. Early sponsorship is enormously helpful, but we have room for more – so please hurry while the opportunity is there.

Share Your News

Send Kirsten Ballard job openings for the FISD job board and member news for inclusion in the newsletter. 

2022 Global Sponsors

FISD Newsletter – November 2022

Thank You

Here in the US, we’ll be celebrating Thanksgiving and feasting next week. We’d be remiss not to take a moment to express gratitude to our amazing members and community. The return to in-person events has been wonderful and we’re so grateful for working with and for such great people.

AsiaFIC

The FISD Asia Financial Information Conference “AsiaFIC” will take place at the Fairmont Hotel in Singapore, May 3-4, 2023.

Building on the success of previous regional APAC conferences, and the record-breaking delegate numbers at the recent World Financial Information Conference, FISD anticipates that AsiaFIC will welcome 300+ delegates, providing two days of panel debates, insightful thought leadership, strong exhibits – and robust and enjoyable networking with colleagues.

FISD Executive Committee Elections—Nominations Accepted until Dec. 2nd

All FISD members are invited to nominate candidates to fill 12 positions on the FISD Executive Committee (EC) for two-year terms which begin in January 2023. Positions are open for representatives in each of the three FISD constituency areas: exchanges, vendors (data, software, hardware, services), and consumer firms. View the current EC list.

Please submit one nomination for your company with the campaign statements for both executives who will be representing your firm. Nominations will be accepted until December 2, then voting will commence on December 5. Please contact Tracey Shumpert if you have any questions.

Holiday Parties

Your presence is requested at our end of year FISD Holiday Parties. Join us in London on Nov. 30 for an issue brief jolly-full of insights and followed by a Christmas party. But wait! There’s myrrh. On Dec. 8, members are invited to join us in NYC for market data merriment. Thank you to our gracious holiday host: Refinitiv, an LSEG business.

WFIC Photos

Relive the glory of WFIC 2022 by checking out the galleries on wfic.net and be sure to sign up for email alerts so you’ll be the first to know about WFIC 2024.

Share Your News

Send Kirsten Ballard job openings for the FISD job board and member news for inclusion in the newsletter.

2022 Global Sponsors

FISD Letter to the Securities and Exchange Commission

On behalf of the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) requests that the Securities and Exchange Commission (the Commission) extend the implementation period for compliance with the round lot and odd lot information definitions originally adopted on December 9, 2020. While we appreciate the benefits that these changes will provide in terms of improved market transparency, for the reasons stated herein, implementation will present challenges and require tailored solutions that will take longer than 90 days to fully realize.

Requiring accelerated implementation of the new odd-lot and round lot definitions risks undermining the very real transparency benefits that these changes will provide. While the SEC is correct that these technical changes are similar to functions currently performed by securities information processors (SIPs), successful implementation of the changes will involve significant actions throughout the multiple links in the real-time market data distribution chain.

To accommodate the needs and advance full and successful implementation of the new round lot and odd-lot definitions, FISD requests that the Commission provide for a multi stakeholder industry consultation period following publication of the final rule to develop a coordinated plan for implementing the definitional changes proposed in the MDI adopting release and not adopt the 90-day period recommended in Regulation NMS.

Read the full letter here.

Background on FISD and SIIA
FISD was established over thirty years ago to facilitate member thought leadership, education, networking, and the development of win-win solutions to common challenges facing the financial information industry. Our members – over 250 organizations worldwide – include all significant actors in the financial information ecosystem, including major global exchanges and securities markets; content creators and aggregators such as S&P, Moody’s, and Morningstar; data redistributors like Bloomberg and LSEG Refinitiv; and consumers of financial information including major global banks, investment management firms, and hedge funds. Given the diversity of interests in this community, FISD does not typically adopt or promote consensus positions on public policy issues.

FISD is part of SIIA, which is the principal trade association for companies in the business of information. SIIA’s membership of over 450 companies includes firms reflecting the broad and diverse landscape of digital content providers and users in academic publishing, education technology, and financial information, along with creators of software and platforms used by millions worldwide, and companies specializing in data analytics and information services.