02 June, 2025
Working Group Updates 6/2/2025
02 June, 2025
- SLATE Working Group. FIF provided an update on a recent discussion with FINRA relating to SLATE reporting. The SLATE Working Group discussed the SLATE securities list to be made available by FINRA, batch and end-of-day submissions, reporting when there are multiple loan events for a single loan on the same date, changes in loan party information, and the current requirement for all SLATE participants to obtain an MPID.
- Front Office Committee. The Front Office Committee reviewed applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. Please find the May agenda here.
- Data and Technology Committee. The Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The Working Group discussed recent updates from the SIPs relating to changes in round lot sizes, fractional share trades, the extension of trading hours and OPRA dynamic load rebalancing. Please find the meeting materials here and the full capacity report here.
- CAT Transaction Reporting Working Group. FIF hosted two calls this past week for the CAT Transaction Reporting Working Group. The first call focused on rep order linkage. During this call, the Working Group reviewed a draft request for a six-month extension of the current exemptive relief relating to rep order linkage. The Working Group also reviewed a draft request for guidance on how firms should report for an order fulfillment scenario where there is no associated rep or principal order. The second call focused on proposals to reduce operating costs, including proposed amendments to the CAT NMS Plan.
Eduard Kotlyar