FIF Member Survey on Linking Rep Orders to Customer Orders

On December 16, 2020, the Securities and Exchange Commission granted temporary exemptive relief, until July 31, 2023, from the CAT NMS Plan requirement to link representative orders (riskless principal/ customer facilitation orders) to the associated customer orders. Based on requests from multiple FIF members, FIF proposes to submit a request to the regulators to extend the implementation date for this requirement to July 31, 2024. On November 5, 2021, FIF sent a survey to the members of the FIF CAT Tech Specs Working Group requesting that FIF members provide additional detail relating to this issue. FIF requests that members respond to this survey by November 26. All responses are kept anonymous.

POSTED Nov 15,2021

Part 7 of FIF Market Data Webinar Series

Join us Thursday, November 11 at 4:15pm ET for part seven of our webinar series on the implementation considerations of the SEC Market Data Infrastructure Rule. Tom Jordan, FIF Advisory Chair, and Manisha Kimmel, Chief Policy Officer at MayStreet, will discuss the November 5th filing of the Plan Amendment by the SROs. The agenda will include a summary of the amendment, status of governance changes, potential next steps and audience participation. In order to attend this webinar, please register here. If you have any questions, please email us at fifinfo@fif.com.

POSTED Nov 08,2021

FIF Webinar on Trading Digital Assets: Connectivity, Custody and Compliance

On Wednesday, November 17 at 4pm ET FIF will host a webinar on Trading Digital Assets. This webinar will provide practical guidance to retail and institutional brokers and market makers on trading digital assets, including connectivity to venues, custody of digital assets and determining which products can be traded and offered to customers. Viktor Grinberg will moderate the panel. Panel participants include Alan Konevsky of tZERO, Mike Smith of IPC, Hongzhe Sun of Paxos, and Dave Weisberger of CoinRoutes. In order to attend this webinar, please register here. If you have any questions, please email us at fifinfo@fif.com.

POSTED Nov 08,2021

FIF Member Survey on Linking Rep Orders to Customer Orders

On December 16, 2020, the Securities and Exchange Commission granted temporary exemptive relief, until July 31, 2023, from the CAT NMS Plan requirement to link representative orders (riskless principal/ customer facilitation orders) to the associated customer orders. Based on requests from multiple FIF members, FIF proposes to submit a request to the regulators to extend the implementation date for this requirement to July 31, 2024. On November 5, 2021, FIF sent a survey to the members of the FIF CAT Tech Specs Working Group requesting that FIF members provide additional detail relating to this issue. FIF requests that members respond to this survey by November 26, 2021. All responses are kept anonymous.

POSTED Nov 08,2021

New FOCUS Supplemental Liquidity Schedule from FINRA

An FIF member has questions relating to the Supplemental Liquidity Schedule (SLS) recently adopted by FINRA (see FINRA Regulatory Notice 21-31) and would like to discuss these questions with other FIF members. The SLS takes effect on March 1, 2022. If you are interested in participating in an FIF member discussion on this topic, please send a note to fifiinfo@fif.com, and we will include you on the invite for this discussion.

POSTED Nov 08,2021

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