26 May, 2026
Working Group Updates 5/26/2026
26 May, 2026
- FIF Webinar on Electronic Communications Compliance. FIF hosted a webinar on Electronic Communications Compliance on Tuesday May 19. The moderator for the webinar was Holly Dito of Daiwa. The panelists were Meredith Abrams of the Simpson Thacher law firm, Thoreau Bartmann of the K&L Gates law firm, Rajni Chidambaram of Interactive Brokers, and Donald McElligott of Global Relay. FIF would like to thank the moderator and panelists for their participation on the webinar and the informative and timely discussion.
- Regulatory Implementations Calendar. FIF hosted a joint call for the SEC FINRA Regulations Working Group and the Compliance and Surveillance Working Group to continue the review of an updated Regulatory Implementations Presentation and Calendar, including updates on the following topics: 24x7 Trading; FINRA margin rule amendments; proposed amendments to short interest reporting; Consolidated Audit Trail; Rule 605 amendments; new equity and options exchanges and new clearing agencies; expansion of options trading hours; OPRA Dynamic Load Rebalancing; Treasury clearing; FICC cross-margining with CME; TRACE reporting; tokenized securities; and Trump accounts.
- TRACE Working Group. The TRACE Working Group discussed the first draft of an FIF comment letter on a FINRA rule filing to expand the TRACE affiliate indicator to apply to trades with member affiliates.
- 24x7 Trading Working Group. The 24x7 Trading Working Group discussed EBS reporting for overnight trades. The Working Group discussed an amended rule filing by NYSE Arca relating to overnight trading. The Working Group discussed a rule filing by NYSE American relating to extended trading hours for options. FIF updated the Working Group members on a discussion with FINRA on registration requirements for overnight trading. The Working Group discussed the first draft of an FIF letter to the SEC and FINRA relating to overnight trading.
- Short Interest Reporting. FIF hosted a call for the Short Sales / Reg SHO / Short Reporting Working Group to discuss the first draft of an FIF comment letter on the rule filing by FINRA to amend short interest reporting.
- Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges.
- 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. During the first call, the Working Groups discussed a draft FIF letter to the SEC, FINRA and CAT LLC relating to the deletion of CAT data after three years. During the second and third calls, the Working Groups discussed a draft FIF comment letter on the SEC’s CAT Concept Release and an FIF member survey on CAT and EBS costs.
Eduard Kotlyar