08 June, 2026
Working Group Updates 6/8/2026
08 June, 2026
- 24x7 Trading Working Group. FIF hosted two calls this past week for the 24x7 Trading Working Group. The Working Group discussed FAQs and updates to technical documentation published by the CTA Plan relating to extended trading hours. The Working Group discussed the rule filing by the Plan to Address Extraordinary Market Volatility relating to price bands for extended trading hours. The Working Group discussed the short sale locate process for extended trading hours. Working Group members updated the full Working Group regarding a call with FINRA on EBS reporting for extended exchange trading hours. The Working Group continued its discussion of a draft FIF letter to the SEC and FINRA on implementation issues relating to 24x7 Trading.
- Short Interest Reporting. FIF hosted two calls this past week for the Short Sales / Reg SHO / Short Reporting Working Group. The Working Group continued its discussion of a draft FIF comment letter on the rule filing by FINRA to amend short interest reporting.
- Rule 605 Working Group. The Rule 605 Working Group discussed the applicability of new FAQ 18 to non-ATS market centers. The Working Group discussed Rule 605 reporting for not held orders. The Working Group discussed the Rule 605 Fact Sheet prepared by FIF members.
- Treasury Clearing. FIF hosted a joint call for the Back Office Committee and the Fixed Income Regulations Working Group to discuss applicability of the trade submission requirement to various Treasury clearing workflows, including RVP/DVP, Trade Away and Step Out transactions.
- CAT Monthly Update Working Group Call. The CAT Monthly Update Working Group reviewed guidance and updates from CAT LLC and FINRA CAT during the prior month. The Working Group reviewed the current areas of focus for FIF members and the current open issues relating to CAT reporting.
- CAT Transaction Reporting and CAT Reference Database Working Groups. This past week FIF hosted three joint calls for the CAT Transaction Reporting and CAT Reference Database Working Groups. The Working Groups discussed the deletion of CAT data after three years. The Working Groups discussed an FIF survey on CAT and EBS costs. The Working Groups continued their discussion of an FIF comment letter on the SEC’s CAT Concept Release, including reporting for pre-IPO and pre-corporate action orders, reporting route modifications, the CAT symbol validation process, 24x5 exchange trading, non-winning RFQ responses, the retention of TIDs in the CAT Relational Database, the retirement of EBS and the implementation of a request and response system. The Working Groups discussed CAT reporting for the upcoming SpaceX IPO.
Eduard Kotlyar