25 March, 2019
Working Group Updates (Week of 3/25)
25 March, 2019
- FIF Cybersecurity Working Group - Reviewed a Homeland Security Memo for US Owners and Operators Using GPS to Obtain UTC Time and explored the GCA Cybersecurity Toolkit for small to medium sized businesses.
- FIF CAT Working Group - Reviewed additional Error Correction tools proposed by the SROs/FINRA, the SROs approach to ATS order flow, SRO updates to the negotiated trade/trade as a result of a quote reporting approach, requested feedback on whether the re-ordering of fields within events would cause coding issues in CSV and feedback on the identification of redundant reporting requirements/naming conventions. FIF also shared anupdate on the CAT registration process. Additionally FIF distributed a draft comment letter on the proposed CAT implementation plan to the CAT Working Group on Friday, March 22. If you did not receive a draft of the letter, please send an email to
This email address is being protected from spambots. You need JavaScript enabled to view it. . - FIF CAT Representative Orders Subgroup - FIF met with members to identify what, if any, phase 2a rep order identification and flagging requirements could be accomplished prior to the April 2020 go-live date.
- FIF CAT Tech Spec Working Group - Continued the review of the CAT tech spec beginning with section 4.12 (Trade). FIF will shift focus from equities to options during subsequent working group meetings. If you would like to join this working group, please update your profile here.
- FIF SEC Rule 606 Working Group - Provided an overview on FIFs discussions with the Commission on expectations on marketable orders, application of BD discretion and scope of look-through.
Eduard Kotlyar