23 March, 2026
Working Group Updates 3/23/2026
23 March, 2026
- 24x7 Trading Working Group. The 247x Trading Working Group continued its discussion of a draft FIF letter to FINRA to request interpretive guidance and exemptive relief relating to registration of personnel based outside the US who support overnight low-touch trading. The Working Group discussed clearing guarantees for overnight trading. The Working Group discussed a draft issues list to present to the Treasury Department. The Working Group discussed a recent rule filing by Cboe EDGX Exchange to expand to 23x5 trading.
- Rule 605 Working Group. The Rule 605 Working Group continued its discussion of Rule 605 reporting for various order types, including do not route orders, pegged orders and not held orders. The Working Group discussed reporting by a firm that is required to submit multiple reports.
- SLATE Working Group. SLATE Working Group members and FIF updated the full Working Group on a call with SEC representatives, FIF members and FIF. The Working Group discussed SLATE reporting for various cross-border scenarios. The Working Group discussed SLATE reporting for corporate actions.
- Regulatory Implementations Calendar. FIF hosted a joint call for the Compliance and Surveillance Working Group and the SEC FINRA Regulations Working Group to review an updated Regulatory Implementations Calendar and Regulatory Implementations Presentation. The Regulatory Implementations Calendar and Presentation track upcoming regulatory implementations.
- 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 CAIS Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAIS Working Groups. The Working Groups discussed the March 17 FINRA CAT presentation on the Reference Database Phases 1A and 1B. An FIF member reviewed with the Working Groups the fields to be retired for the new Reference Database. The Working Groups discussed the SEC Order approving the rule filing by CAT LLC to provide for a Revised Funding Model. The Working Groups continued the discussion of reporting the tradingSession field. The Working Groups discussed the repair of outstanding errors relating to PII fields that will be retired. The Working Groups discussed the IO (Imbalance Only) special handling code.
Eduard Kotlyar