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.