On Tuesday, April 17th, FIF and a delegation of FIF members will meeting with SEC Division of Trading and Markets as a follow-up to our March 20th meeting discussing FIF's Alternative Implementation Approach.

FIF has continued the industry charge on CAT, completing deep dives on riskless principal and manual quotes with the SROs, and visiting the SEC to discuss Industry Member concerns as well as an Alternative Implementation Plan.   We continue our extensive work on CAT via deep dives in complex orders, EBS, options pricing and, CAT OTC Equities Reporting. Participation is always encouraged; if you'd like to join any of the CAT subgroups please reach out to the program office at fifinfo@fif.com.

On Tuesday, March 20th, FIF along with a contingent FIF members met with the SEC Division of Trading and Markets, Chair Clayton, and Commissioners Stein, Jackson, and Peirce to discuss FIF's proposed Alternative CAT Implemenation Plan.

With our Cybersecurity Working Group meeting on Thursday and the Cloud Technology Working Group meeting next Thursday, we thought this would be a good time to provide updates on these two groups to our membership. The Cloud Technology Working Group, the newer of the two groups, has attained two co-chairs and will begin its workstream to create a best practices document on implementing cloud technology starting on Thursday, April 5th. Meanwhile the Cybersecurity Working Group continues to focus on relevant cybersecurity threats to firms today. On Thursday, the group will explore internal risk controls that firms can employ to protect their internal business as well as their clients valuable information.  We've been receiving positive feedback from both groups; however, we would welcome expanded participation. If you're not in these groups and would like to join, please email Kevin in the program office at fifinfo@fif.com and if you're already subscribed to the group and would like to see a particular topic covered, reach out to us at the same address and we will work to add that to future agendas.

On Tuesday, March 20th, FIF and a contingent of FIF Members will travel to Washington D.C. to discuss our alternate implemenation approach on CAT with the SEC Division of Trading and Markets and the Commissioners.  We will discuss the outcomes of this meeting on our full CAT Working Group call on Wednesday, March 21 at 2pm est.