02 October, 2023
Working Group Update 10/2/2023
02 October, 2023
- FIF 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 spotlight presenter was Grant Leinberger of Exegy, who discussed Exegy’s recently-introduced next generation ticker plant for processing options market data. Please find the meetings materials here and the full capacity deck here.
- FIF 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 agenda here.
- FIF Tax Information Reporting Working Group. FIF hosted a call for the Tax Information Reporting Working Group on Thursday September 28. The spotlight presenters were Neil Bromberg and Justin O’Brien of EY, who discussed Automation and AI in Tax Operations. Please find the presentation here.
- FIF CAT CAIS Working Group. The CAIS Working Group discussed issues and questions from FIF members relating to CAIS supervision, the inability of a reporting firm to resolve outstanding errors for CAIS records that the reporting firm was not required to submit to CAIS, and the compliance date for the CAIS system to validate that FDIDs reported to the CAT Transaction Reporting system are properly reported to CAIS. The Working Group reviewed the September 2023 updates to the CAIS Known Issues List.
- FIF CAT Transaction Reporting Working Group. FIF hosted two calls this week for the CAT Transaction Reporting Working Group. During the first call, the Working Group continued its discussion of the SEC’s September 6 Order approving the Executed Share Model, including current status and next steps. The Working Group also reviewed a draft presentation to FINRA on enhancing the reconciliation process for the Regulatory Transaction Fee. During the second call, the Working Group discussed the FINRA CAT industry webinar on operational implementation of the CAT reporting billing process. The Working Group also discussed CAT reporting for a scenario where an industry member manages accounts for a foreign affiliate.
Eduard Kotlyar