04 March, 2019
Working Group Updates (Week of 3/4)
04 March, 2019
- FIF CAT Working Group - Provided an update on SRO deliverables, reviewed the FIF plan with respect to the CAT implementation timelines, reviewed the 2/28 CAT Tech Spec (V1.1) and the updated scenarios document, and requested additional feedback on the issue resolution document.
- FIF Retail Execution Quality Working Group - The group focused on developing a plan to further promote the FIF 605 modernization recommendations both directly with the Commission as well as across the industry.
- FIF Cloud Technology Working Group - Mike Mazza (Morgan Stanley) and our new co-chair Tom Golway (HPE) discussed several topics including: negotiation of cloud contracts, data portability, encrypted data and 2019 goals for the group.
- FIF Cybersecurity Working Group - Examined a DNI report on foreign economic espionage, followed by a review of a specific case study on North Korean state-sponsored hacking.
- FIF CAT Tech Spec Working Group - Provided a brief recap on the proposed SRO CAT implementation guidelines. Continued the review of the tech spec, beginning with section 3.2.
- FIF SEC Rule 606 Working Group - FIF focused on addressing implementation challenges with its members including: actionable IOIs, fee/rebate/commission information and field-specific challenges.
- FIF Front Office Committee Meeting - Focused on order management and trading system issues resulting from proposed rule changes (SEC, FINRA, SROs) and other initiatives impacting exchange traded equities and options, and OTC transactions. Find this month's agenda here.
- FIF Data & Technology Committee Meeting - Jeff Wells, Cboe and member of the CAT Operating Committee provided an update on CAT transition plan. 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 Reg ATS-N Working Group - Performed a final review of the Reg ATS-N comment letter.
Eduard Kotlyar