On August 19, 2021, FIF had a call with FINRA CAT and the SROs to discuss CAT reporting for options errors. During the call, FIF reviewed with FINRA CAT and the SROs feedback from FIF members on current industry practices for reporting options errors.

Please join us for part six of our webinar series on the implementation considerations of the SEC Market Data Infrastructure Rule. The sixth webinar of the series will take place on Wednesday, August 18 at 4pm ET. The newest installment of the series will focus on the 311-page order issued by the SEC on August 6, 2021 approving the NMS Governance Plan Regarding Consolidated Equity Market Data, as modified. Invited to speak on this panel are Chris Nielsen of Charles Schwab, Kerry Baker Relf of Refinitiv, John Ramsay of IEX and 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. If your firm is a non-member or blocks Zoom, please email the Program Office at fifinfo@fif.com for dial-in details. If interested in attending, please register here.

• Back Office Committee. On August 17th at 11 am ET, a team from DTCC will come on our monthly committee call to present on their Securities Financing Transaction (SFT) Clearing Service. The SFT service provides central clearing for equity lending and borrowing transactions.
• Data and Technology Committee. On August 18th at 10 am ET, John Ramsay from IEX will come on to discuss changes to IEX’s retail program, which were approved recently by the SEC. IEX will be publishing a retail liquidity indicator on their prop feed and on the tape showing where there is trading interest for at least 100 shares willing to trade against retail orders at the midpoint.

The next meeting of the Rule 606 Working Group is scheduled for Tuesday, August 17, 2021 at 2 pm ET. The Working Group will continue its discussion of look-through for Rule 606 reporting of options routing, including potential meetings with Securities and Exchange Commission personnel to discuss this issue further.

On August 10, 2021, FIF sent a survey to FIF members on Rule 605 for options. This is an opportunity for FIF members to provide input to the SEC before the SEC issues a rule proposal in this area. FIF requests that members provide their survey responses by September 13, 2021. Earlier responses also are welcome. All responses are anonymized.