FIF Back Office
The FIF Back Office Committee focuses on back office issues and 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 Back Office Committee actively participate in the following working groups: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.
FATCA
The purpose of this group will be to review implementation concerns surrounding the proposed Foreign Account Tax Compliance Act (FATCA) rules.
Large Trader
This working group will address implementation issues associated with the SEC Large Trader Reporting Rule 13h‐1.
Please see FIF Initiative Tracking for a full list of initiatives that this committee follows.
FIF Back Office Meeting Agendas
Meeting Materials/Minutes
DTCC Proposal - Shortened Settlement Cycle Posted [2012-04-06]
DTCC preliminary analysis of shortening the settlement cycle for US equity trades from the current trade date plus three days (T+3) to T+2 or T+1
DTCC preliminary analysis of shortening the settlement cycle for US equity trades from the current trade date plus three days (T+3) to T+2 or T+1
FIF Meeting with ISG on LOPR-Mar 30 2012 Meeting Posted [2012-03-30]
March 13, 2012 - FIF Back Office Meeting Agenda Posted [2012-03-11]
Meeting Agenda including OCC, Large Trader Reporting, Cosolidated Audit Trail, Cost Basis, Trace, ACATS, Universal Trade Capture, NSCC/DTC, FICC, DTCC, Tri-Party Repo and FIF FATCA WG updates
Meeting Agenda including OCC, Large Trader Reporting, Cosolidated Audit Trail, Cost Basis, Trace, ACATS, Universal Trade Capture, NSCC/DTC, FICC, DTCC, Tri-Party Repo and FIF FATCA WG updates
February 14, 2012 - FIF Back Office Meeting Agenda Posted [2012-02-12]
Meeting Agenda including Legal Entity Identifier Update, Cost Basis Update, Large Trader Reporting, OATS, FATCA, FINRA, OCC, Universal Trade Capture, NSCC and FICC updates.
Meeting Agenda including Legal Entity Identifier Update, Cost Basis Update, Large Trader Reporting, OATS, FATCA, FINRA, OCC, Universal Trade Capture, NSCC and FICC updates.
January 10, 2012 - FIF Back Office Meeting Agenda Posted [2012-01-07]
Meeting Agenda including DTCC proposal on Shortening Settlement Cycle (Elena Staloff, DTCC), FINRA Trace Updates, Cost Basis Update, Large Trading Reporting, OATS Update, FATCA and Treasury Market Practices Group
Meeting Agenda including DTCC proposal on Shortening Settlement Cycle (Elena Staloff, DTCC), FINRA Trace Updates, Cost Basis Update, Large Trading Reporting, OATS Update, FATCA and Treasury Market Practices Group
December 13, 2011 - FIF Back Office Meeting Agenda Posted [2011-12-12]
Meeting Agenda including Large Trader Reporting, Cost Basis Update, FATCA, Universal Trade Capture, TRACE Updates, FICC Updates, Treasury Market Practices Group, OCC Updates, Additional Updates.
Meeting Agenda including Large Trader Reporting, Cost Basis Update, FATCA, Universal Trade Capture, TRACE Updates, FICC Updates, Treasury Market Practices Group, OCC Updates, Additional Updates.
November 08, 2011 - FIF Back Office Meeting Agenda Posted [2011-11-17]
Meeting Agenda including FINRA OATS Updates, TRAQS Updates, Cost Basis, Additional FINRA Updates, FATCA, NSCC and FICC Updates
Meeting Agenda including FINRA OATS Updates, TRAQS Updates, Cost Basis, Additional FINRA Updates, FATCA, NSCC and FICC Updates
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
September 12, 2011 - FIF Back Office Meeting Agenda Posted [2011-09-11]
Meeting Agenda including DTCC Updates, FINRA Updates, Cost Basis, FIF Large Trader WG, FIF OATS WG, FATCA, NSCC, FICC, OCC and Legal Entity Identifier Updates.
Meeting Agenda including DTCC Updates, FINRA Updates, Cost Basis, FIF Large Trader WG, FIF OATS WG, FATCA, NSCC, FICC, OCC and Legal Entity Identifier Updates.
August 09, 2011 - FIF Back Office Meeting Agenda Posted [2011-08-08]
Meeting Agenda including Treasury Markets Practice Group, FICC, Cost Basis, Obligation Warehouse, FIF Larget Trader Reporing WG, FIF OATS WG and additional FINRA Updates.
Meeting Agenda including Treasury Markets Practice Group, FICC, Cost Basis, Obligation Warehouse, FIF Larget Trader Reporing WG, FIF OATS WG and additional FINRA Updates.
Comment Letters
Apr 30, 2012 - FIF Comment Letter to SEC on Mini-Options Contracts Posted [2012-05-01]
FIF letter to the SEC regarding implementation considerations with respect to the trading of Mini-Options contracts
FIF letter to the SEC regarding implementation considerations with respect to the trading of Mini-Options contracts
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