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06 May, 2019

Working Group Updates (Week of 5/6)

06 May, 2019
  • FIF CAT Working Group - FIF reviewed CAT Quote Event/CAT Quote ID Recommendations, provided members with a high-level overview of the final CAT Industry Member Technical Specification, and reviewed/solicted feedback on the CAT Portal Screens/Interface. 
  • FIF SEC Rule 606 Working Group - Provided members with a summary of recent discussions with SEC Commissioners on Rule 606, and reviewed the requests for additional guidance.  FIF submitted detailed FAQs to the Commissioner on Friday, May 3rd.  
  • FIF CAT Tech Spec Working Group -  Solicited feedback on priorunlinked/nextunlinked business flow scenerios, options specific scenerios and remaining issues identified in the finalized spec. The group then continued with the review of the options portion of the spec, starting with section 5.5 (Option Order Accepted)
  • FIF Retail Execution Quality Working Group -  Reviewed the ability to provide analytics based on the enhanced 605 modernization recommendations, agreed upon a format for an updated FIF enhanced template.