12 April, 2021
Working Group Update 4/12/2021
12 April, 2021
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group reviewed draft comments and questions for FINRA CAT relating to infoBarrierID, reporting for preferred symbols that are added to the CAT symbol list after the trade date, reporting obligations when a US symbol is not available on the day an order is received and executed, quotes initiated prior to Phase 2d, Reporting Scenarios relating to RFQs, and options floor broker scenarios. The Working Group discussed issues and questions raised by FIF members relating to report card scenarios, corporate buy-backs, the RLO, DISQ and OFF handlingInstructions, DR failover testing and the CAT budget. The Working Group reviewed an issue submitted by FIF to FINRA CAT relating to the reporting of TIDType for Allocation events. The Working Group reviewed the April 5 updates to the Phase 2c and Phase 2d Technical Specifications and Reporting Scenarios, including changes relating to the reporting of route modifications and route cancels, IDQS changes, changes to handlingInstructions, and changes to Allocation reporting. The Working Group discussed the April 6, 2021 FINRA CAT IM Tech Spec Updates and Time Frames presentation.
- FIF CAT CAIS Working Group. The CAT CAIS Working Group reviewed the updated list of questions from Plan Participants relating to authorized traders. The Working Group reviewed issues and questions from FIF members relating to CAIS reporting for acquisitions and LTID reporting for parent accounts. The Working Group reviewed comments and questions submitted by FIF relating to feedback files and TIDType.
- Reg SHO Working Group. The FIF Reg SHO Working Group discussed scenarios and questions relating to Reg SHO including VWAP close-out orders, allocations by a clearing firm of fail to deliver positions, the ability to affect a close-out through a purchase from your own customer, the sale of underlying shares where the purchased ADR has been tendered for conversion, and the requirements for re-marking short sale orders.
Eduard Kotlyar