Please join us for our next FIF webinar which is the  “SEC Market Access Rule” that will take place on July 8th at 4pm ET. This webinar will focus on the rule's practical aspects, setting credit limits, the handling of market orders, the process for overriding limits, challenges of meme stocks, the annual CEO certification, enforcement trends, and more. The panel includes Jim Dolan of Luminex, Lillian Tan of Cantor Fitzgerald, Wayne Aaron of Vedder Price and will be moderated by Tom Jordan, FIF Advisory Chair. After registering, you will be prompted to follow a link to Zoom, in order to add the Webinar to your calendar. Please email the Program Office at fifinfo@fif.com if your firm blocks Zoom or if you have any questions. FIF Members may register here.

The next meeting of the FIF Rule 606 Working Group will be held on June 22 at 3 pm (ET). The Working Group will review a draft letter from FIF to the SEC requesting that the SEC issue updated FAQs on various topics, including options look-through, the Rule 606 definition of customer, and various ATS reporting scenarios.  

The next meeting of the FIF Rule 605 Working Group will be held on June 24 at 2 pm (ET). The Working Group will discuss a request from the SEC to provide feedback on a Rule 605-like execution quality report for options that the SEC is considering.

FIF has submitted a request to extend the Phase 2d requirement to report tidType in allocation events. FIF will soon be submitting a similar extension request for the reporting of route modification and cancel rejections.

• Back Office Committee. On June 15, Bill Kapogiannis and Diana Confessori-Simmons of DTCC will discuss the DTCC data warehousing initiative.
• Front Office Committee. On June 22, Chris Bok of OTC Markets will discuss the upcoming implementation of the amendments to SEC Rule 15c2-11 (“Publication or submission of quotations without specified information”), including rule changes, implementation status, and the status of impending guidance from the SEC.
• Data and Tech Committee. On June 30, Patrick Flannery of MayStreet will discuss “Market Data Delivery in the Cloud - Lessons Learned”.