FIF is excited to announce our first quarterly event of 2026, sponsored by OTC Markets. After opening remarks from OTC Markets, there will be two panels, one on Building Regulated U.S. Markets for Tokenized Securities and Digital Commodities, and the other panel focusing on exchange and other market developments, including expanded exchange trading hours, SIP odd lots and changes to minimum quoting increments. The event will take place on Tuesday March 24th at OTC Markets' offices at 300 Vesey Street, New York, NY 10282. Registration in the lobby begins at 4pm ET, the speaking engagement will be from 5-6:30pm ET with refreshments and networking afterwards from 6:30-8pm ET. FIF would like to thank OTC Markets for sponsoring this event. FIF Members may register for free here (sign in the site first, then register), non-members who are interested in attending may contact the program office at fifinfo@fif.com. 

On February 18, FIF submitted a letter to FINRA relating to the planned expansion of the TRF hours of operation. FIF would like to thank the members of the TRF/ORF Working Group for their contributions in the drafting of this letter.

On February 19, FIF submitted a letter to the SEC relating to the dissemination of fractional share amounts by the SIPs and the obligations of broker-dealers under the vendor display rule. FIF would like to thank the members of the TRF/ORF Working Group for their contributions in the drafting of this letter.

A FIF member would like to discuss issues relating to Form 13F reporting. If you are interested in this topic, please send a note to fifinfo@fif.com, and we will include you in this discussion.

The Rule 605 Working Group will have its next call on Monday February 23 at 2 pm ET. The Working Group will continue its discussion of a draft letter to the SEC relating to implementation of the Rule 605 amendments, including reporting for different order types and orders with different characteristics.