FIF has scheduled a call for Thursday February 9 at 2 pm ET to continue the discussion of the recent SEC rule proposal on Minimum Pricing Increments, Access Fees and Transparency of Better Priced Orders. FIF has invited members of the Data and Technology Committee, the Front Office Committee and the Compliance and Surveillance Working Group to participate on this call. If you would like to participate on this call and are not a member of any of these groups, please update your FIF profile or contact fifinfo@fif.com.

FIF has scheduled the next TRACE/Fixed Income Working Group for Monday January 23 at 2 pm ET. The agenda for the call will be to review a revised draft of the FIF comment letter on FINRA Regulatory Notice 22-26 (“FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades”). The Working Group also will continue its discussion of 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”). The Working Group also will provide an update on the FIF member call with MSRB representatives on the MSRB proposal to require reporting of municipal bond trades within one minute after execution.

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 next call for the Rule 605 Working Group will be on Tuesday January 24 at 3 pm ET. The Working Group will continue its discussion of the SEC’s recent rule proposal on Disclosure of Order Execution Information. FIF also has invited members of the Rule 606 Working Group for this call. If you are not a member of the Rule 605 Working Group and would like to participate on these calls, please update your FIF profile or contact fifinfo@fif.com.

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.