Rule 605 Working Group

The Rule 605 Working Group will have its next call on Monday January 26 at 2 pm ET. The Working Group will discuss 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.

POSTED Jan 20,2026

Data & Technology Committee

The Data & Technology Committee will have its next call on Wednesday January 28 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenter will be Gerard Faulkner of CUSIP Global Services, who will discuss CUSIP Issuance Trends.

POSTED Jan 20,2026

24x7 Trading Working Group

The next call for the 24x7 Trading Working Group will be during the week of January 26. FIF will send an invite later today with the date and time for the call. The Working Group will discuss short sale locate issues raised by an FIF member, the recent Nasdaq rule filing for extended trading hours, and other issues raised by FIF members.

POSTED Jan 20,2026

Reg NMS Compliance Subgroup

FIF will be scheduling a call for the Reg NMS Compliance subgroup for next week (date and time to be determined). The subgroup will discuss the following: (i) MPIs: potential changes to the order handling processes for customers; and (ii) odd lots: best execution obligations. If you would like to participate in this discussion and are not a member of this subgroup, please send a note to fifinfo@fif.com.

POSTED Jan 20,2026

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