TRACE Working Group

FIF will be scheduling a call for the TRACE Working Group to review and discuss the first draft of an FIF comment letter on (i) the January 11 rule filing by FINRA to reduce to one minute the TRACE reporting timeframe for securities that are currently subject to a fifteen-minute reporting timeframe and (ii) the parallel rule filing by the MSRB on January 12. FIF will send the invite to Working Group members later this week; the invite will include the date and time for the call.