16 March, 2026
Working Group Updates 3/16/2026
16 March, 2026
- 24x7 Trading Working Group. The 247x Trading Working Group discussed 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 the recent exemptive request submitted by 24X Exchange to permit 24X Exchange to commence trading overnight prior to the SIPs disseminating quote and trade data for overnight trading.
- Rule 605 Working Group. The Rule 605 Working Group continued its discussion of Rule 605 reporting for various order types, including ALO orders, DNR orders, hidden and reserve orders, trailing stop orders, and orders with counter-party restrictions. The Working Group discussed Rule 605 reporting by Single Dealer Platforms.
- SLATE Working Group. SLATE Working Group members and FIF updated the full Working Group on a March 3 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.
- Trump Accounts Working Group. The Trump Accounts Working Group continued its discussion of the “Notice of intent to issue regulations with respect to section 530A Trump accounts” published by the Treasury Department and the IRS on December 2, 2025.
- Form 13F Subgroup. FIF hosted a call for the newly-created Form 13F subgroup to discuss potential enhancements to Form 13F reporting.
- Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC and FINRA updates during the past month.
- CAT Transaction Reporting and CAIS Working Groups. FIF hosted a joint call for the CAT Transaction Reporting and CAIS Working Groups. The Working Groups continued their discussion of a request for FINRA CAT to make available via FTP the data currently included in certain CAT portal tabs. The Working Groups discussed a response from FINRA relating to exchOriginCode inquiries. The Working Groups discussed reporting the tradingSession and timeInForce fields for overnight trading.
Eduard Kotlyar