04 September, 2018
Working Group Updates (Week of 8/27)
04 September, 2018
- Web Interface/API Subgroup - Reviewed the draft deep dive materials and recommendations from the subgroup members in preparation for a deep dive discussion with the SROs this Thursday
- Manual Events Subgroup - Held a meeting with the SROs as a follow up to an initial Deep Dive Discussion to discuss remaining issues
- FIF CAT Working Group - Updated the full working group on the work of the subgroups. Solicitation of feedback on the issued FDID Guidance (FAQs 19-26) and the OATS FAQs to CAT Mapping. Review of comments distributed to the CAT Leadership Team on the August 1st Industry Member CAT Implementation Approach. Discussion of the statement from the SEC Division of Trading and Markets on the current status of CAT.
- 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 - This month's spotlight topic was presented by Parker Lim who updated us on Cboe Global Markets Listing Updates. We followed this presentation with our monthly 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 Review of SEC Rule 605 Modernization Recommendations - Reviewed recommendations to be made to the Commission regarding the modernization of SEC Rule 605. The subgroup engaged in a series of meetings and developed a number of recommendations/enhancements to Rule 605 that the subgroup believes will improve the quality and the objectivity of executions resulting from different types of trading activities.
Eduard Kotlyar