Industry Bodies to Identify Business Requirements for CFI Standard

Washington, DC - Industry associations the EDM Council and the International Securities Association for Institutional Trade Communication (ISITC) are both assessing the classification of financial instruments (CFI) standard, looking at requirements and coverage, officials tell IRD.

The EDM Council is aiming to compile a list of requirements for the code to send to the International Organization for Standardization (ISO), following concerns from members that the revised version of the code will

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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