01 July, 2019
Working Group Updates (Week of 7/1/19)
01 July, 2019
- FIF CAT Working Group - FIF provided members with a high level review of the CAT technical specification and scenarios document (released on June 24), discussed the publication of the updated JSON Schema (v2.2), reviewed materials produced by the CAT IMTS Working Group, summarized updated FAQs pertaining to affiliate flag, cabinet order, account holder type, and the definition a representative order. FIF further reviewed the CAT NMS Plan website updates, CAT connectivity update and proposed handling instructions.
- FIF SEC Rule 606 Working Group - Follow-up and summary from FIF's meeting with the SEC Division of Trading and Markets on June 20th. Later in the week, FIF had a second meeting with this group where there was a discussion on FIFs interpretation of verbal guidance issued by SEC staff on requested FAQs.
- FIF CAT Tech Spec Working Group - FIF reviewed both the CAT Industry Member Technical Specifications and the CAT Industry Member Reporting Scenerios Document (both released on June 24, 2019).
- FIF Data & Technology Committee Meeting - This month's spotlight topic was presented by the committee's co-chairs and Jason Murphy from Exegy who discussed the re-formatting of the monthly Exegy slides. We followed this presentation with a review of the FIF Market Data Capacity Reports, a summary of exchange and SIP technical notices and updates, and a review of recent or upcoming regulations that impact market data. Find the meeting materials here and the full capacity report here.
- FIF Front Office Committee Meeting - Focused on order management and trading system issues resulting from proposed rule changes (SEC, FINRA, SROs). Find this month's agenda here.
- FIF EU Buy-In Working Group - Reviewed the EU directives, the impact of changes pursuant to 909/2014 on the Buy-In process in the EU and the potential harmonization challenges between Reg 909/2014 and US regulations.
Eduard Kotlyar