FIF Back Office
The FIF Multi-Client Back Office Committee focuses on the back office issues that service bureaus and clearing firms must address. This committee meets regularly to identify the implementation issues relating to exchange, utility and regulatory initiatives affecting order management and trade processing. Guest speakers from the various regulators and utilities often attend our meetings to provide updates and answer questions relating to their initiatives. When appropriate, this group writes comment letters aimed at highlighting open implementation issues and time frames required for successfully implementation.
Committee Chairs: Susan Crozier, SunGard Brokerage and Clearance Solutions; Pat Scaglione, Broadridge
Relevant Working Groups
Members of the Multi-Client Back Office Committee actively participate in the following working groups:Symbology
This working group reviews the implementation impact of symbology initiatives and makes recommendations on implementation. Nasdaq and OCC symbology initiatives are the focus of this group.
Cost Basis
This working group will address implementation issues associated with the new cost basis requirements as laid out in the Economic Recovery Plan (Section 403 of the Act) passed on October 3, 2008.
OATS Expansion to all NMS Stocks
Bi-weekly meetings tracking FIF member questions and FINRA answers related to the implementation of OATS for all NMS stocks.
Market Access
Addresses areas requiring further clarification and implementation issues associated with SEC Market Access Rule 15c3-5.
Please see FIF Initiative Tracking for a full list of initiatives that this committee follows.
FIF Multi-Client Back Office Meeting Agendas
Meeting Materials/Minutes
FIF FATCA Implementation Questions - IRS Feedback Posted [2011-10-17]
IRS feedback on FIF Member FATCA implementation questions
IRS feedback on FIF Member FATCA implementation questions
May 10, 2011 - FIF Back Office Meeting Agenda Posted [2011-05-24]
Meeting Agenda including DTCC Updates (Ed Fanning, DTCC), TRACE Updates, Cost Basis Updates, Universal Trade Capture (Carlo Spano, Broadridge), FINRA OATS Updates, Dodd-Frank Updates and Additional NSCC/FICC Updates
Meeting Agenda including DTCC Updates (Ed Fanning, DTCC), TRACE Updates, Cost Basis Updates, Universal Trade Capture (Carlo Spano, Broadridge), FINRA OATS Updates, Dodd-Frank Updates and Additional NSCC/FICC Updates
April 12, 2011 - FIF Back Office Meeting Agenda Posted [2011-04-12]
Meeting Agenda including FINRA OATS Updates, TRACE Updates, Cost Basis, Additional FINRA Updates, NYSE Updates, Universal Trade Capture, Additional DTCC Updates and OCC Updates
Meeting Agenda including FINRA OATS Updates, TRACE Updates, Cost Basis, Additional FINRA Updates, NYSE Updates, Universal Trade Capture, Additional DTCC Updates and OCC Updates
March 15, 2011-FIF Back Office Meeting Agenda Posted [2011-03-15]
Meeting Agenda including Short Sale Updates (FIF Short Sale Portal), FINRA Rule 5131, Flash Order Update, Rule92/Manning and ISE Qualified Contingent Cross
Meeting Agenda including Short Sale Updates (FIF Short Sale Portal), FINRA Rule 5131, Flash Order Update, Rule92/Manning and ISE Qualified Contingent Cross
February 08, 2011 - FIF Back Office Meeting Agenda Posted [2011-02-08]
Meeting Agenda including Obligation Warehouse, Legal Entity Identifier (LEI), Universal Trade Capture, DTCC/NSCC Updates, OATS Expansion, FINRA Updates and Cost Basis Updates
Meeting Agenda including Obligation Warehouse, Legal Entity Identifier (LEI), Universal Trade Capture, DTCC/NSCC Updates, OATS Expansion, FINRA Updates and Cost Basis Updates
January 11, 2011- FIF Back Office Meeting Agenda Posted [2011-01-24]
Meeting Agenda including FINRA TRACE (Ed Fanning, DTCC), Obligation Warehouse(Janice DiTore, DTCC), Legal Entity Identifier (LEI), Universal Trade Capture and Cost Basis Updates
Meeting Agenda including FINRA TRACE (Ed Fanning, DTCC), Obligation Warehouse(Janice DiTore, DTCC), Legal Entity Identifier (LEI), Universal Trade Capture and Cost Basis Updates
August 10, 2010 - FIF Back Office Meeting Agenda Posted [2010-08-10]
Meeting Agenda including DTCC updates on Cost Basis, Universal Trade Capture, Corporate Actions Re-engineering and Symbology
Meeting Agenda including DTCC updates on Cost Basis, Universal Trade Capture, Corporate Actions Re-engineering and Symbology
July 13, 2010 - FIF Back Office Meeting Agenda Posted [2010-07-13]
Meeting Agenda including updates from FINRA on recent TRACE enhancements, DTCC updates on Universal Trade Capture, Cost Basis, Consolidated Audit Trail, Corporate Actions and Large Trader Reporting System
Meeting Agenda including updates from FINRA on recent TRACE enhancements, DTCC updates on Universal Trade Capture, Cost Basis, Consolidated Audit Trail, Corporate Actions and Large Trader Reporting System
June 15, 2010 - FIF Back Office Meeting Agenda Posted [2010-06-15]
Meeting Agenda including updates on Cost Basis, Large Trader Reporting System, Consolidated Audit Trail and DTCC Obligation Warehouse
Meeting Agenda including updates on Cost Basis, Large Trader Reporting System, Consolidated Audit Trail and DTCC Obligation Warehouse
Comment Letters
Sep 17, 2010 - FIF Comment Letter to the SEC on OATS Expansion Posted [2010-09-17]
FIF Letter to the SEC regarding the expansion of OATS to all NMS Securities
FIF Letter to the SEC regarding the expansion of OATS to all NMS Securities
Aug 12, 2010 - FIF Comment Letter to the SEC on Consolidated Audit Trail Posted [2010-08-12]
FIF Letter to the SEC regarding the proposed Consolidated Audit Trail
FIF Letter to the SEC regarding the proposed Consolidated Audit Trail
Jun 22, 2010 - FIF Letter to SEC on Large Trader Reporting System Posted [2010-06-22]
FIF Letter to SEC regarding the proposed Large Trader Reporting System
FIF Letter to SEC regarding the proposed Large Trader Reporting System
Nov 04, 2009 - FIF Letter to FINRA on Regulatory Notice 09-53 Posted [2009-11-06]
FIF Letter to FINRA regarding FINRA Regulatory Notice 09-53, Increased Margin Requirements for Leveraged ETFs and Associated Uncovered Options
FIF Letter to FINRA regarding FINRA Regulatory Notice 09-53, Increased Margin Requirements for Leveraged ETFs and Associated Uncovered Options
July 24, 2009 - FIF LOPR Comment Letter Posted [2009-08-06]
FIF letter to ISG on LOPR addressing the implementing issues of dual submission
FIF letter to ISG on LOPR addressing the implementing issues of dual submission
May 07, 2009 - FIF Letter to SEC regarding SR–FINRA–2009–010 Posted [2009-05-11]
FIF Letter to the SEC regarding FINRA TRACE Expansion
FIF Letter to the SEC regarding FINRA TRACE Expansion
December 03, 2007 - FIF Letter to SEC regarding Rule 2231 Posted [2007-12-03]
FIF Letter to the SEC regarding NASD’s proposed Rule 2231 to add additional information to non-institutional customer confirmations for trades in TRACE-eligible securities.
FIF Letter to the SEC regarding NASD’s proposed Rule 2231 to add additional information to non-institutional customer confirmations for trades in TRACE-eligible securities.
March 24, 2007 - FIF Input to SIFMA Memo on NYSE Rule 409(f) Posted [2007-03-25]
FIF input on impact of away market indicators on complying with NYSE Rule 409(f)
FIF input on impact of away market indicators on complying with NYSE Rule 409(f)
NASD Corporate Debt Comment Letter Posted [2005-04-27]
FIF Letter to the NASD regarding proposed rules to enhance confirmation disclosure in Corporate Debt Securities.
FIF Letter to the NASD regarding proposed rules to enhance confirmation disclosure in Corporate Debt Securities.
Archive Documents
December 9, 2008 - DTCC Strategic Initiatives Presentation Posted [2008-12-12]
Meeting materials for DTCC's Strategic Initiatives Presentation.
Meeting materials for DTCC's Strategic Initiatives Presentation.
February 7, 2007 - FIF Call with NASD on OATS for OTC Posted [2007-02-07]
Meeting materials for discussion with NASD on OATS to OTC. Feedback led to changes in the scope of OATS for OTC.
Meeting materials for discussion with NASD on OATS to OTC. Feedback led to changes in the scope of OATS for OTC.
July 6, 2006 - SingleBook Implementation Issues Discussion Document Posted [2006-07-12]
Combined market data and service bureau letter reviewed with Nasdaq to clarify SingleBook Implementation Issues.
Combined market data and service bureau letter reviewed with Nasdaq to clarify SingleBook Implementation Issues.
June 13, 2006 - FIF Service Bureau Meeting Notes Posted [2006-07-11]
June Service Bureau Meeting Notes - see file for full list of issues covered.
June Service Bureau Meeting Notes - see file for full list of issues covered.
May 9, 2006 - FIF Service Bureau Meeting Notes Posted [2006-06-15]
May Service Bureau Meeting Notes - see file for full list of issues covered.
May Service Bureau Meeting Notes - see file for full list of issues covered.
April 2006 - DTCC RECAPS Rewrite Presentation Posted [2006-05-24]
April update of DTCC RECAPS re-write
April update of DTCC RECAPS re-write
March 14, 2006 - FIF Service Bureau Meeting Notes Posted [2006-03-28]
Topics covered include: NASD OATS Phase 3, NSCC Notice A6208 - NSCC Modifies its Trade Submission Practices and Revises Its Clearing Fees, Nasdaq Symbology Changes, OCC Symbology Changes, Reg NMS and updates on issues being monitored.
Topics covered include: NASD OATS Phase 3, NSCC Notice A6208 - NSCC Modifies its Trade Submission Practices and Revises Its Clearing Fees, Nasdaq Symbology Changes, OCC Symbology Changes, Reg NMS and updates on issues being monitored.
February 14, 2006 - Service Bureau Meeting Minutes Posted [2006-02-27]
Topics discussed include Options Clearing Corp. Symbology, NASD/RTTM TRACE, Regulation NMS, NASD OATS Phase 3, DTCC Underwriting Reengineering Initiative, Issues to Monitor (NASD Rule 2231, SIA BCP Test)
Topics discussed include Options Clearing Corp. Symbology, NASD/RTTM TRACE, Regulation NMS, NASD OATS Phase 3, DTCC Underwriting Reengineering Initiative, Issues to Monitor (NASD Rule 2231, SIA BCP Test)
January 10, 2006 - Service Bureau Meeting Minutes Posted [2006-02-01]
DTCC Underwriting Reengineering Initiative; NASD OATS Phase 3, NASD Regulatory Filing Application, NASD/RTTM TRACE, Regulation NMS, NASD Rule 2231, Nasdaq Exchange Filing, Service Bureau Participation in SIA BCP Test ? October 14, 2006
DTCC Underwriting Reengineering Initiative; NASD OATS Phase 3, NASD Regulatory Filing Application, NASD/RTTM TRACE, Regulation NMS, NASD Rule 2231, Nasdaq Exchange Filing, Service Bureau Participation in SIA BCP Test ? October 14, 2006
January 10, 2006 - Service Bureau Meeting Materials Posted [2006-01-10]
Presentation on DTCC's Underwriting Reengineering Initiative presented by Peter Inguanta, Director, Product Marketing and Development
Presentation on DTCC's Underwriting Reengineering Initiative presented by Peter Inguanta, Director, Product Marketing and Development
fifinfo@fif.com. 212 422 8568
© 2012 FIF. 5 Hanover Square New York, NY. 10004
© 2012 FIF. 5 Hanover Square New York, NY. 10004