FIF TRACE Working Group

The FIF TRACE Working Group will meet on Tuesday January 25 at 2pm ET to discuss the rule adopted by the Federal Reserve Board to expand TRACE reporting for Treasury and Agency securities to certain depository institutions that are not broker-dealers, interpretive questions relating to the new proposed portfolio trade modifier, the recent filing by the SEC to extend the time period for SEC action on FINRA’s proposed rule change to require FINRA members to append modifiers to delayed Treasury spot trades and portfolio trades when reporting to TRACE, and the recent SEC order approving the expansion of the current exemption to allow reporting of an ATS counter-party (instead of the ATS) as the TRACE counter-party where the ATS is not involved in settlement.