10 August, 2026
Working Group Updates 8/10/2026
10 August, 2026
- Order Protection Rule. This past week FIF hosted two calls for the Equity Market Regulations Working Group to continue discussion of the SEC rule proposal to rescind SEC Rules 611 (Order protection rule) and 610(e) (Locking or crossing quotations). The Working Group discussed a revised draft comment letter, including sections on the following topics: the rulemaking process; best execution; the NBBO; automated and manual quotations; and exchange order types.
- Short Interest Reporting. FIF hosted a call for the Short Sales / Reg SHO / Short Reporting Working Group to provide an update on FIF member discussions with FINRA relating to the rule filing by FINRA to amend short interest reporting. The Working Group also discussed next steps.
- 24x7 Trading Working Group. The 24x7 Trading Working Group discussed the current status for exchanges that plan to offer overnight trading hours, implementation changes for interacting with exchanges, changes to exchange proprietary data products and the Cboe FAQs for 24x7 trading.
- CAT Transaction Reporting and CAT Reference Database Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAT Reference Database Working Groups. The Working Groups discussed a draft FIF letter to the CAT LLC, FINRA and FINRA CAT relating to proposed changes to the tradingSession field in connection with the planned expansion of exchange trading hours.
Eduard Kotlyar