18 January, 2021
Working Group Update 1/19/2021
18 January, 2021
- FIF CAT Tech Specs Working Group. The CAT Tech Specs Working Group discussed issues raised by FIF Members, including reporting for GTX orders, reporting for DRP and DSPP/ESPP scenarios, reporting buy-in capacity, and reporting manual multi-leg scenarios. The Working Group prepared and submitted recommendations to FINRA CAT for the reporting of allocation cancels. The Working Group reviewed FINRA CAT FAQ updates relating to TRF reporting. The Working Group prepared and reviewed responses to FINRA CAT relating to order receipt and acceptance. The Working Group reviewed the January 8 FINRA CAT updates to the Technical Specifications document, including updates relating to netPrice, infoBarrierID, the New Quote event, and numberOfLegs for multi-leg events. The Working Group reviewed the January 8 FINRA CAT updates to the Reporting Scenarios document.
- FIF CAT CAIS Working Group. The Working Group discussed and drafted responses to the Plan Participant proposals relating to CAIS Customer and Account Types. The Working Group discussed issues raised by FIF Members relating to submitting full refreshes to CAIS, the requirement to report that an LTID is a replacement of a prior LTID, and the obligation for introducing brokers to report ULTIDs. The Working Group reviewed open issues relating to CAIS and discussed next steps.
- FIF TRACE Working Group. The TRACE Working Group reviewed FINRA’s request for comment on Enhancements to TRACE Reporting for U.S. Treasury Securities, with a focus on the FINRA proposals relating to: more granular execution timestamps; shortened trade reporting time; new indicators for non-ATS trading platforms; and a new indicator for voice or electronic executions.
Eduard Kotlyar