The Back Office Committee will have its next call on Tuesday January 24 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter will be Sheila Zak of the Options Clearing Corporation, who will provide an update on the OCC’s planned multi-year transition from ENCORE to the new Ovation platform (planned for launch in 2025). 

The Data and Technology Committee will have its next call on Wednesday January 25 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 Tim Baker of Expero, who will discuss the Financial Data Transparency Act (FDTA). The FDTA requires financial regulators to develop common standards that promote the organization, readability and availability of financial data they collect from regulated institutions.

The Front Office Committee will have its next call on Tuesday January 31 at 11 am ET to review applicable updates and notices from the SEC, FINRA, FINRA CAT and the equity and option exchanges. The spotlight presenter will be Ari Burstein of IntelligentCross, who will discuss the recent FINRA filing with the SEC to add IntelligentCross as a participant of FINRA’s Alternative Display Facility (ADF).

FIF has scheduled Working Group calls to discuss the following equity market structure rule proposals issued by the SEC on December 14 (see entries below for dates and times):

• Disclosure of Order Execution Information (SEC Rule 605)
• Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders
• Order Competition Rule.

Attached are outlines of the rule proposals prepared by FIF.

FIF has scheduled the next TRACE/Fixed Income Working Group for Monday January 9 at 2 pm ET. The agenda for the call will be to review the first draft of a comment letter on FINRA Regulatory Notice 22-26 (“FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”). Time permitting, the Working Group also will discuss FINRA Regulatory Notice 22-28 (“TRACE Reporting of Foreign Sovereign Debt Securities: FINRA Adopts Amendments to Require Reporting of Transactions in U.S. Dollar-Denominated Foreign Sovereign Debt Securities to TRACE”).