29 November, 2021
Working Group Updates 11-29-21
29 November, 2021
- FIF Data and Technology Committee. The FIF Data and Technology Committee reviewed capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets, exchange and SIP technical notices and updates, and regulatory changes that impact market data.Please find this month's meeting materials here and full capacity statistics report here.
- FINRA Supplemental Liquidity Schedule. An FIF sub-group met to discuss member questions relating to the Supplemental Liquidity Schedule (SLS) recently adopted by FINRA (see FINRA Regulatory Notice 21-31).
- FIF Rule 606 Working Group. The Rule 606 Working Group continued its discussion of a draft comment letter on FINRA Regulatory Notice 21-35, “FINRA Requests Comment on Proposed Order Routing Disclosure Requirements for OTC Equity Securities and Potential Steps to Facilitate Investor Access to Current Order Routing Disclosures for NMS Securities.” The Working Group also discussed supplemental information to be submitted to the SEC relating to options look-through.
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed recently updated FAQs relating to reporting the tradingSession field for option orders outside of regular trading hours, correcting a rejected order event, the CAC (Customer Accommodation Correction) handlingInstructions value, the time period for resubmitting a rejected file, and reporting for GTC limit orders executed several months after order receipt. The Working Group discussed feedback from FINRA CAT on comments and questions submitted by FIF on November 11, 2021. The Working Group completed its review of the November 3, 2021 updates to the Phase 2d Industry Member Reporting Scenarios.
- FIF CAT CAIS Working Group. Clearing firm members of the FIF CAT CAIS Working Group participated on a call with FINRA CAT to discuss the challenges with CAIS reporting for Mass Transfer scenarios.
Eduard Kotlyar